A Survey on Exchange Rate Pass through in Emerging Markets
Cengiz Tunc ()
Bulletin of Economic Theory and Analysis, 2017, vol. 2, issue 3, 205-233
This article reviews the literature on exchange rate pass-through in emerging markets with a special focus on the burgeoning empirical research. The literature has overwhelmingly agreed on the recent decline in the pass through in low inflationary environment after the adoption of inflation targeting in many countries. However, the empirical evidences also suggest varying degrees of the pass-through depending on the size and direction of exchange rate changes. Finally, on the exchange rate pass-through on disaggregated price indices or the differential pass-through due to the source of exchange rate changes are becoming promising research strands for the estimation of the pass through.
Keywords: Exchange rate passthrough; Emerging Economies (search for similar items in EconPapers)
JEL-codes: E31 E58 F31 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:betajl:0015
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