Series: IMF Working Papers
Author(s): Dalia Hakura , and Ehsan Choudhri
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2001
Keywords: Pass-through, exchange rate, inflation rate, average inflation, average inflation rate, Open Economy Macroeconomics,
The paper tests a hypothesis suggested by Taylor (2000) that a low inflationary environment leads to a low exchange rate pass-through to domestic prices. To test this hypothesis, the paper derives a pass-through re...