The pass-through effect: a twofold analysis

Antonio Forte

EERI Research Paper Series from Economics and Econometrics Research Institute (EERI), Brussels

Abstract: In this paper I analyse the pass-through effect in four big areas using different approaches. On the one hand, I inspect this issue comparing the REER (real effective exchange rate) with the WARP (weighted average relative price) in the US, the UK, Japan and the Euro area. On the other hand, I try to support the findings of the first part with a double econometric analysis: I employ single equation and Var approaches in order to provide wide and robust results. The global conclusion is that in the major economies of the world the pass-through effect has been very light from January 1999 onward and that, especially in the Euro area, this result is linked with the firms behaviour.

Keywords: Real effective exchange rate; weighted average relative price; WARP; REER; double econometric analysis. (search for similar items in EconPapers)
JEL-codes: F30 F31 (search for similar items in EconPapers)
Pages: 44 pages
Date: 2009-08-08
New Economics Papers: this item is included in nep-cba, nep-eec, nep-ifn and nep-opm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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http://www.eeri.eu/documents/wp/EERI_RP_2009_08.pdf (application/pdf)

Related works:
Working Paper: The pass-through effect: a twofold analysis (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eei:rpaper:eeri_rp_2009_08

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