by Davide Furceri, Mr. Yan Carriere-Swallow, Melih Firat, Daniel Jimenez
We estimate how the rate of pass-through from the exchange rate to domestic prices varies across states of the economy and depending on the shocks that drive fluctuations in the exchange rate. We confirm several results from the literature and uncover new facts. Drawing on the experience of a large sample of advanced and emerging market economies over the past 30 years, we document that exchange rate pass-through significantly larger during periods of high inflation and elevated uncertainty. Usi
ISBN: 9798400240461
83 pages
Published: 2023-04-28
Publisher: International Monetary Fund