Exchange Rate Pass-Through in an Emerging Market: The Case of the Czech Republic

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F16%3A10329321" target="_blank" >RIV/00216208:11230/16:10329321 - isvavai.cz</a>

Result on the web

<a href="http://dx.doi.org/10.1080/1540496X.2015.1090823" target="_blank" >http://dx.doi.org/10.1080/1540496X.2015.1090823</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1080/1540496X.2015.1090823" target="_blank" >10.1080/1540496X.2015.1090823</a>

Result language

angličtina

Original language name

Exchange Rate Pass-Through in an Emerging Market: The Case of the Czech Republic

Original language description

We examine exchange rate pass-through, or how domestic prices respond to exchange rate shocks, in the Czech Republic from 1998 to 2013 by employing vector autoregression models. Using the aggregate consumer price index and its subcomponents, we find that the peak response occurs between nine and thirteen months after the exchange rate shock. The average pass-through at the monetary policy horizon is approximately 20 percent at the aggregate level. Regarding the subcomponents, the degree of pass-through is greatest for food prices.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

—

Project

—

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2016

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Emerging Markets Finance and Trade

ISSN

1540-496X

e-ISSN

—

Volume of the periodical

52

Issue of the periodical within the volume

11

Country of publishing house

US - UNITED STATES

Number of pages

12

Pages from-to

2624-2635

UT code for WoS article

000387917000012

EID of the result in the Scopus database

2-s2.0-84945277794