Series: IMF Working Papers
Author(s): Leo Bonato , and Andreas Billmeier
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2002
Keywords: pass-through, VAR, distribution chain, cointegration, exchange rate, time series, granger causality, exchange rate movements, Open Economy Macroeconomics, Ar,
Exchange rate targeting is considered the best policy option in dollarized economies when wages and prices are indexed to the exchange rate. Croatia is a highly dollarized economy, but empirical investigation condu...