Exchange rate pass-through in Spain /

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Bibliographic Details
Author / Creator:Murgasova, Zuzana, author.
Imprint:[Washington, D.C.] : International Monetary Fund, African Dept., ©1996.
Description:1 online resource (iii, 23 pages) : illustrations
Language:English
Series:IMF working paper, 2227-8885 ; WP/96/114
IMF working paper ; WP/96/114.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12497905
Hidden Bibliographic Details
Other authors / contributors:International Monetary Fund. African Department, issuing body.
ISBN:1455221163
9781455221165
1462373135
9781462373130
Notes:Includes bibliographical references (pages 20-23).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
Summary:Annotation This paper examines the factors underlying the stability of inflation observed following devaluations of the Spanish peseta, which took place during the 1992-93 Exchange Rate Mechanism (ERM) crisis. the long-run equilibrium relationships between the exchange rate and the aggregate price indices are estimated using the Johansen maximum likelihood-method. the short-run dynamics are obtained from error-correction models. the model is then simulated by calibrating changes in the exogenous variables to their actual values. the results indicate that the cost-push-up effect of devaluations may have been completely offset by determinants of the cyclical position of the economy and the low inflation rate in 1993-94 should not be viewed as unusual.
Other form:Print version: Murgasova, Zuzana. Exchange rate pass-through in Spain. [Washington, D.C.] : International Monetary Fund, African Dept., ©1996
Standard no.:10.5089/9781455221165.001

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490 1 |a IMF working paper,  |x 2227-8885 ;  |v WP/96/114 
504 |a Includes bibliographical references (pages 20-23). 
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520 8 |a Annotation  |b This paper examines the factors underlying the stability of inflation observed following devaluations of the Spanish peseta, which took place during the 1992-93 Exchange Rate Mechanism (ERM) crisis. the long-run equilibrium relationships between the exchange rate and the aggregate price indices are estimated using the Johansen maximum likelihood-method. the short-run dynamics are obtained from error-correction models. the model is then simulated by calibrating changes in the exogenous variables to their actual values. the results indicate that the cost-push-up effect of devaluations may have been completely offset by determinants of the cyclical position of the economy and the low inflation rate in 1993-94 should not be viewed as unusual. 
546 |a English. 
650 0 |a Foreign exchange rates  |z Spain  |x Econometric models. 
650 0 |a Devaluation of currency  |z Spain  |x Econometric models. 
650 0 |a Inflation (Finance)  |z Spain  |x Econometric models. 
650 0 |a Prices  |z Spain  |x Econometric models. 
650 6 |a Taux de change  |z Espagne  |x Modèles économétriques. 
650 6 |a Dévaluation  |z Espagne  |x Modèles économétriques. 
650 6 |a Inflation  |z Espagne  |x Modèles économétriques. 
650 6 |a Prix  |z Espagne  |x Modèles économétriques. 
650 7 |a Devaluation of currency  |x Econometric models.  |2 fast  |0 (OCoLC)fst00891730 
650 7 |a Foreign exchange rates  |x Econometric models.  |2 fast  |0 (OCoLC)fst00931818 
650 7 |a Inflation (Finance)  |x Econometric models.  |2 fast  |0 (OCoLC)fst00972453 
650 7 |a Prices  |x Econometric models.  |2 fast  |0 (OCoLC)fst01076211 
651 7 |a Spain.  |2 fast  |0 (OCoLC)fst01204303 
650 7 |a FOREIGN EXCHANGE RATES.  |2 unbist 
650 7 |a DEVALUATION.  |2 unbist 
650 7 |a SPAIN.  |2 unbist 
710 2 |a International Monetary Fund.  |b African Department,  |e issuing body.  |0 http://id.loc.gov/authorities/names/no93028933 
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