Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Western Hemisphere Department.
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| ISBN: | 1475560311
9781475560312
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| ISSN: | 1018-5941
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| Notes: | "December 2016."
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| 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, the authors 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, they 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. They find that price stability and central bank credibility have reduced the second component."--Abstract.
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| Other form: | Print Version: Carriere-Swallow, Yan. Monetary Policy Credibility and Exchange Rate Pass-Through. Washington, D.C. : International Monetary Fund,2016 9781475560312
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| Standard no.: | 10.5089/9781475560312.001
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