Series: IMF Working Papers
Author(s): David Cook , and Woon Choi
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2008
Keywords: pass-through effects, local currency pricing, new Keynesian Phillips curve, forward-looking expectation, inflation, price inflation, money market, monetary economics, monetary policy,
Using the theory of optimal local currency pricing, this paper constructs a structural equation to estimate the rate at which foreign producer prices pass through the local currency prices of imported goods in the...