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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w28520 |
来源ID | Working Paper 28520 |
Exchange Rate Pass-Through, Monetary Policy, and Real Exchange Rates: Iceland and the 2008 Crisis | |
Sebastian Edwards; Luis Cabezas | |
发表日期 | 2021-03-08 |
出版年 | 2021 |
语种 | 英语 |
摘要 | We use detailed data for Iceland to examine two often-neglected aspects of the “exchange rate pass-through” problem. First, we investigate whether the pass-through coefficient varies with the degree of “international tradability” of goods. Second, we analyze if the pass-through coefficient depends on the monetary policy framework. We consider 12 disaggregated price indexes in Iceland for 2003-2019, a period that includes Iceland’s banking and currency crisis of 2008. We find that the pass-through declined around the time Iceland reformed its “flexible inflation targeting,” and that the coefficients are significantly higher for tradable than for nontradable goods. |
主题 | Macroeconomics ; Business Cycles ; Monetary Policy ; International Economics ; International Finance ; International Macroeconomics |
URL | https://www.nber.org/papers/w28520 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586193 |
推荐引用方式 GB/T 7714 | Sebastian Edwards,Luis Cabezas. Exchange Rate Pass-Through, Monetary Policy, and Real Exchange Rates: Iceland and the 2008 Crisis. 2021. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w28520.pdf(713KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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