Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/60561
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dc.contributor.authorMacCarthy, Jonathanen_US
dc.date.accessioned2012-08-17T14:25:26Z-
dc.date.available2012-08-17T14:25:26Z-
dc.date.issued2000en_US
dc.identifier.urihttp://hdl.handle.net/10419/60561-
dc.description.abstractThis paper examines the impact of exchange rates and import prices on the domestic producer price index and consumer price index in selected industrialized economies. The empirical model is a vector autoregression incorporating a distribution chain of pricing. When the model is estimated over the post-Bretton Woods era, impulse responses indicate that exchange rates have a modest effect on domestic price inflation while import prices have a stronger effect. Pass-through is larger in countries with a larger import share and more persistent exchange rates and import prices. Over 1996-98, these external factors have had a sizable disinflationary effect in many of the countries, but not in the United States. Estimating the model using post-1982 data has little effect on these conclusionsen_US
dc.language.isoengen_US
dc.publisher|aFederal Reserve Bank of New York |cNew York, NYen_US
dc.relation.ispartofseries|aStaff Report, Federal Reserve Bank of New York |x111en_US
dc.subject.jelE31en_US
dc.subject.jelF41en_US
dc.subject.jelF31en_US
dc.subject.ddc330en_US
dc.subject.keywordpass-through, in‡ation, exchange rates, import pricesen_US
dc.subject.stwInflationen_US
dc.subject.stwWechselkursen_US
dc.subject.stwAußenhandelspreisen_US
dc.subject.stwIndustriestaatenen_US
dc.titlePass-through of exchange rates and import prices to domestic inflation in some industrialized economiesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn320220435en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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