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dc.contributor.authorNogueira Júnior, Reginaldo P.en_US
dc.contributor.authorLeón-Ledesma, Miguel A.en_US
dc.date.accessioned2010-08-02en_US
dc.date.accessioned2011-10-21T16:53:35Z-
dc.date.available2011-10-21T16:53:35Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/50636-
dc.description.abstractRecent literature has argued that exchange rate pass-through (ERPT) into domestic inflation has been declining in many countries following a dramatic change in inflation environment during the 1990s. Available empirical results face two central challenges: (i) the evidence on declining ERPT is mostly based on sample-splitting approaches and hence subject to a degree of arbitrariness; and (ii) the link between a lower ERPT and inflation environment is usually based on simple correlation analysis and hence silent about temporal causality. We address these issues by making use of a state-space model that allows ERPT to be time-varying and dependent on the inflation environment.en_US
dc.language.isoengen_US
dc.publisherUniv. of Kent, School of Economics Canterburyen_US
dc.relation.ispartofseriesSchool of Economics discussion papers 10,02en_US
dc.subject.jelE42en_US
dc.subject.jelE52en_US
dc.subject.jelE58en_US
dc.subject.jelF31en_US
dc.subject.jelF41en_US
dc.subject.ddc330en_US
dc.subject.keywordexchange rate pass-throughen_US
dc.subject.keywordinflationen_US
dc.subject.keywordstate-space modelsen_US
dc.subject.keywordcausality testsen_US
dc.subject.stwGeldpolitiken_US
dc.subject.stwInflationsrateen_US
dc.subject.stwExchange Rate Pass-Throughen_US
dc.subject.stwKausalanalyseen_US
dc.titleIs low inflation really causing the decline in exchange rate pass-through?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn632171367en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:School of Economics Discussion Papers, University of Kent

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