Monetary Policy Credibility and Exchange Rate Pass Through is popular PDF and ePub book, written by Mr.Yan Carriere-Swallow in 2017-01-18, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Monetary Policy Credibility and Exchange Rate Pass Through can be Read Online from any device for your convenience.
Monetary Policy Credibility and Exchange Rate Pass Through Book PDF Summary
A long-standing conjecture in macroeconomics is that recent declines in exchange rate pass-through are in part due to improved monetary policy performance. In a large sample of emerging and advanced economies, we find evidence of a strong link between exchange rate pass-through to consumer prices and the monetary policy regime’s performance in delivering price stability. Using input-output tables, we decompose exchange rate pass-through to consumer prices into a component that reflects the adjustment of imported goods at the border, and another that captures the response of all other prices. We find that price stability and central bank credibility have reduced the second component.
Detail Book of Monetary Policy Credibility and Exchange Rate Pass Through PDF
- Author : Mr.Yan Carriere-Swallow
- Release : 18 January 2017
- Publisher : International Monetary Fund
- ISBN : 9781475569216
- Genre : Business & Economics
- Total Page : 33 pages
- Language : English
- PDF File Size : 15,9 Mb
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