Advanced Search
MyIDEAS: Login to save this article or follow this journal

Exchange Rate Pass-Through in Central and East European Countries

Contents:

Author Info

  • Ramón María-Dolores

Abstract

This paper studies the degree of exchange rate pass-through to the prices of imports in eleven new member states (NMSs) of the European Union and one candidate country, Turkey, analyzing some of its structural determinants. This analysis is based on a vector autoregressive (VAR) model that partly includes the distribution chain of prices (import prices and consumer prices). I observe how the size and speed of the pass-through decrease along the distribution chain. Exchange rate pass-through is larger for these developing countries than that derived in previous studies of the United States and euro area. I also find evidence for Taylor's (2001) hypothesis of a positive relation between the degree of the exchange rate pass-through and inflation, observing less inflation and long-run exchange pass-through in inflation targeting countries, such as Hungary, Poland, and the Czech Republic. The relation between exchange rate pass-through and openness is unclear. Finally, I analyze exchange rate pass-through by industry, comparing results in the manufacturing and energy sectors and finding evidence of a larger response in energy than in manufacturing.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://mesharpe.metapress.com/link.asp?target=contribution&id=W465567000654056
Download Restriction: Access to full text is restricted to subscribers.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by M.E. Sharpe, Inc. in its journal Eastern European Economics.

Volume (Year): 47 (2009)
Issue (Month): 4 (July)
Pages: 42-61

as in new window
Handle: RePEc:mes:eaeuec:v:47:y:2009:i:4:p:42-61

Contact details of provider:
Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=106044

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:mes:eaeuec:v:47:y:2009:i:4:p:42-61. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Nguyen).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.