Files in this item
Disinflation and exchange-rate pass-through
Item metadata
dc.contributor.author | Senay, Ozge | |
dc.date.accessioned | 2012-02-15T13:01:03Z | |
dc.date.available | 2012-02-15T13:01:03Z | |
dc.date.issued | 2008-04 | |
dc.identifier | 3939008 | |
dc.identifier | ed16029f-ffc7-4a1b-8689-884ba77f3a09 | |
dc.identifier | 000254337900005 | |
dc.identifier | 39049148072 | |
dc.identifier.citation | Senay , O 2008 , ' Disinflation and exchange-rate pass-through ' , Macroeconomic Dynamics , vol. 12 , no. 2 , pp. 234-256 . https://doi.org/10.1017/S1365100507070022 | en |
dc.identifier.issn | 1365-1005 | |
dc.identifier.other | ORCID: /0000-0002-8310-968X/work/60426907 | |
dc.identifier.uri | https://hdl.handle.net/10023/2296 | |
dc.description.abstract | This paper analyzes exchange-rate dynamics following a money-based disinflation under different degrees of exchange-rate pass-through. Using a microfounded dynamic general equilibrium model with imperfect competition and nominal rigidities, it is shown that a monetary slowdown causes an appreciation of the exchange rate and a short-run fall in employment. Varying the degree of pass-through, however, significantly alters the magnitudes of these effects. As the degree of pass-through is reduced, the extent of the short-run appreciation of the exchange rate increases and the short-run impact of the disinflation on employment falls. | |
dc.format.extent | 23 | |
dc.format.extent | 219102 | |
dc.language.iso | eng | |
dc.relation.ispartof | Macroeconomic Dynamics | en |
dc.subject | Disinflation | en |
dc.subject | Exchange rates | en |
dc.subject | Pass-through | en |
dc.subject | New open economy | en |
dc.subject | Macroeconomics | en |
dc.subject | Pricing-to-market | en |
dc.subject | Rate dynamics | en |
dc.subject | Prices | en |
dc.subject | Model | en |
dc.subject | HG Finance | en |
dc.subject.lcc | HG | en |
dc.title | Disinflation and exchange-rate pass-through | en |
dc.type | Journal article | en |
dc.contributor.institution | University of St Andrews. School of Economics and Finance | en |
dc.identifier.doi | https://doi.org/10.1017/S1365100507070022 | |
dc.description.status | Peer reviewed | en |
dc.identifier.url | http://www.scopus.com/inward/record.url?scp=39049148072&partnerID=8YFLogxK | en |
This item appears in the following Collection(s)
Items in the St Andrews Research Repository are protected by copyright, with all rights reserved, unless otherwise indicated.