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Le pass-through du taux de change

Author

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  • Sabiston, David R.

    (Département d’économie et de sciences politiques, Mont Royal College)

Abstract

Following the demise of the Bretton Woods system, the poor predictive value of traditional elasticity models of exchange rates rekindled interest in the theoretical relationship between exchange rates and prices of internationally traded goods. This paper provides a critical survey of the emerging theoretical and empirical literature in exchange rate pass-through with the objective of offering guidance for future research. À la suite de la disparition du système de Bretton Woods, le taux de change flottant n’a pas joué son rôle prévu d’équilibrage; les balances commerciales des principales nations impliquées dans le commerce n’ont tout simplement pas répondu, selon les attentes, aux appréciations et dépréciations de la monnaie. La piètre valeur prophétique des modèles traditionnels de l’élasticité du taux de change a renouvelé l’intérêt dans le lien théorique entre les taux de change et les prix des biens commerciaux. Cet article présente une étude critique de la nouvelle documentation théorique et empirique portant sur le pass-through du taux de change dans le but de donner une ligne directrice aux recherches ultérieures.

Suggested Citation

  • Sabiston, David R., 2001. "Le pass-through du taux de change," L'Actualité Economique, Société Canadienne de Science Economique, vol. 77(3), pages 425-454, septembre.
  • Handle: RePEc:ris:actuec:v:77:y:2001:i:3:p:425-454
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