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| Author: | Devereux, M.B. Engel, C. Storgaard, P.E. |
| Title: | Endogenous exchange rate pass-through when nominal prices are set in advance |
| Journal: | Journal of International Economics
2004 : JUL, VOL. 63:2, p. 263-291 |
| Index terms: | Monetary policy Exchange rates Exports Prices Models |
| Language: | eng |
| Abstract: | This paper develops a model of endogenous exchange rate (hereafter as: exhg-rate.) pass-through (here as: p-thgh.) within an open economy macroeconomic framework, where both p-thgh. and the exhg-rate are simultaneously determined, and interact with one another. It is shown that the relationship btw. exhg-rate volatility and economic structure may be substantially affected by the presence of endogenous p-thgh. The key results show that p-thgh. is related to the relative stability of monetary policy. |
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