The Shocks Matter: Improving Our Estimates of Exchange Rate Pass-Through
收藏NBER2018-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w24773
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资源简介:
A major challenge for monetary policy is predicting how exchange rate movements will impact inflation. We propose a new focus: directly incorporating the underlying shocks that cause exchange rate fluctuations when evaluating how these fluctuations pass through to import and consumer prices. A
货币政策面临的一项关键挑战,在于预判汇率波动将如何影响通胀水平。我们提出全新的研究思路:在评估汇率波动向进口价格与消费者价格的汇率传递(exchange rate pass-through)效应时,直接纳入引发汇率波动的潜在冲击因素。A
提供机构:
美国国家经济研究局
创建时间:
2018-07-01



