Revisiting the Decline i he Exchange Rate Pass-Through: Further Evidence from Developing Countries

Karim Barhoumi () and J. Jouini

Working papers from Banque de France

Abstract: The main purpose of the paper is to contribute to the empirical works relating to exchange rate pass-through. Indeed, we revisit the Taylor (2000) proposition for some developing countries in order to examine the decline in their pass-through coefficients, and to find possible explanations for this. To that effect, we adopt an empirical methodology based on some structural breaks and cointegration tests proposed respectively by Bai and Perron (1998), and Gregory and Hansen (1996). Our work is motivated by the fact that during the 1990s, some developing countries shifted their monetary policy in order to reduce the inflation.

Keywords: Exchange rate pass-through; Developing countries; Structural changes; Cointegration tests. (search for similar items in EconPapers)
JEL-codes: C20 F21 F30 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

Downloads: (external link)
https://publications.banque-france.fr/sites/defaul ... g-paper_213_2008.pdf (application/pdf)

Related works:
Journal Article: Revisiting the decline in the exchange rate pass-through: further evidence from developing countries (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bfr:banfra:213

Access Statistics for this paper

More papers in Working papers from Banque de France Banque de France 31 Rue Croix des Petits Champs LABOLOG - 49-1404 75049 PARIS. Contact information at EDIRC.
Bibliographic data for series maintained by Michael brassart ().