Has the exchange rate pass through recently declined in the euro area?

Selin Özyurt

No 1955, Working Paper Series from European Central Bank

Abstract: This study investigates the degree and speed of the exchange rate pass through (ERPT) into extra-euro area import prices for the euro area aggregate and the five largest countries. Based on quarterly frequency data, the analysis covers the period 1996Q1-2015Q2. Two alternative measures of the nominal exchange rate are used: the NEER of the euro against 38 partners and the EUR/USD bilateral exchange rate. The results show that the pass through is only JEL Classification: E31, F3, F41

Keywords: euro area; exchange rate pass-through; import prices; pricing to market (search for similar items in EconPapers)
Date: 2016-09
New Economics Papers: this item is included in nep-eec, nep-mon and nep-opm
Note: 1604265
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:20161955

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