[PDF] Top 20 Country and Time Variation in Exchange Rate Pass Through: What Drives it?

... that pass-through in the short-run is closer between emerging and developed economies than hitherto believed; this result is robust across di¤erent data spans such as the overall period 1980Q1-2009Q3, a ... See full document

... Permanent repository link: http://openaccess.city.ac.uk/15731/ Link to published version: http://dx.doi.org/10.1016/j.jimonfin.2012.01.009 Copyright and reuse: City Research Online aims [r] ... See full document

... FX rate volatility have a signi…cantly positive coe¢ cient con…rming that the extent of import pass-through is endogenous to a country’s monetary policy; it is noteworthy (but not surprising) that ... See full document

... destination country variation in prices and differences out those factors that are common to all ...of exchange rate changes on export prices that operates through time ... See full document

... and pass-through may vary independently from each other over time, we need to ensure that the negative relationship that we …nd is not due to pass-through being low when quality is high ... See full document

... Exchange rate pass- through is the rate at which changes in exchange rates get reflected in import prices expressed in the currency of the importing ...This rate of ... See full document

... over time in Figure ...The variation of market rivalry measures across industries and over time provides identification for our empirical ...of exchange rate ... See full document

... “complete” pass-through, depending on the degree of past exchange rate appreciations and inflation rates, for the import prices ...run pass-through estimates show ... See full document

... with time varying coefficients and stochastic ...and exchange rate shocks have varied over time in Tunisia through a disaggregated analysis of exchange rate ... See full document

... The offsetting effect of the re-set prices that occurs when old prices were set in producer currency does not occur in the Foreign country. In contrast, we find that Foreign export prices respond by more to ... See full document

... Fixed exchange rate environment represented by credible nominal anchor ...a country with a low and stable inflation) or common currency in the currency union provides very efficient tool in fighting ... See full document

... and exchange rate stability would be traded ...an exchange-rate system between inflation or exchange rate volatility and output volatility and that inflation tends to be 10 ... See full document

... the time series properties of the variables using the Augmented Dickey Fuller (ADF) and Phillips and Perron (PP) unit root tests to examine the order of integration for the ...each country to check the ... See full document

... costs pass through to import price is a complex mechanism, and several factors may play a role in its ...by exchange rate movements, can lead to a change in the imports price that does not ... See full document

... between exchange rates and corporate ...significant exchange rate exposure ...between exchange rates and profitability of a ...of exchange rates (Allayannis and Ofek, ...of ... See full document

... policy rate, which is one of the main policy tools of the CBRT, is adjusted according to currency fluctuations (see Berument, 2007 and Civcir and Akçağlayan, 2010 ...). Exchange rate volatility and ... See full document

... the exchange rate was 155 Naira per 1 USD, but depreciated to about 500 Naira per 1 USD in the parallel market by the month of February 2017, amidst the perennial problem of high-interest rate ... See full document

... trade-weighted exchange rate, and therefore to accounting for strategic complementarities in price setting at the …rm level (Gopinath and Itskhoki, ...our pass-through elasticities remain ... See full document

... on exchange rate pass-through (ERPT) and determine if, and by how much, it might have ...the pass-through ...of what economists mean by exchange rate ... See full document

... a country belonging to EMU, the fluctuations of its currency which will be relevant when trying to assess the degree of pass-through will be those against the US dollar and not those against the ... See full document