Series: IMF Working Papers
Author(s): Rudolfs Bems , Francesca Caselli , Francesco Grigoli , and Bertrand Gruss
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 28 March 2019
Keywords: Exchange rate pass-through, Consumer price indexes, Inflation expectations, Capital outflows, Monetary policy, Taper Tantrum, Exchange Rate Pass-Through., inflation expectation, tantrum, pass-through
Many argue that improvements in monetary policy frameworks in emerging market economies over the past few decades, have made them more resilient to external shocks. This paper exploits the May 2013 taper tantrum in...