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Monetary policy transparency and pass-through of retail interest rates

✍ Scribed by Ming-Hua Liu; Dimitri Margaritis; Alireza Tourani-Rad


Book ID
116615059
Publisher
Elsevier Science
Year
2008
Tongue
English
Weight
204 KB
Volume
32
Category
Article
ISSN
0378-4266

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Monetary policy and exchange rate pass-t
✍ Joseph E. Gagnon; Jane Ihrig πŸ“‚ Article πŸ“… 2004 πŸ› John Wiley and Sons 🌐 English βš– 239 KB

## 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