Exchange Rate Pass-Through And Monetary Policy

Frederic Mishkin ()

No 13889, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper discusses what recent economic research tells us about exchange rate pass-through and what this suggests for the control of monetary policy. It first focuses on exchange rate pass-through from a macroeconomic perspective and then examines the microeconomic evidence. In light of this evidence, it then discusses the implications of exchange rate movements on the conduct of monetary policy.

JEL-codes: E52 F41 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-ifn, nep-mac, nep-mon and nep-opm
Date: 2008-05
Note: EFG ME IFM
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