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Market power and exchange rate pass-through

✍ Scribed by Sophocles N. Brissimis; Theodora S. Kosma


Book ID
113664157
Publisher
Elsevier Science
Year
2007
Tongue
English
Weight
210 KB
Volume
16
Category
Article
ISSN
1059-0560

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## Abstract The pass‐through of exchange rate changes into domestic inflation appears to have declined in many countries since the 1980s. We develop a theoretical model that attributes the change in the rate of pass‐through to increased emphasis on inflation stabilization by many central banks. Thi