Can exchange rate pass-through explain the price puzzle?

被引：11

作者：

Ali, Syed Zahid ^{[1
]}

Anwar, Sajid ^{[2
,3
,4
]}

机构：

[1] Lahore Univ Management Sci, Sch Econ, Lahore, Pakistan

[2] Univ Sunshine Coast, Sch Business, Maroochydore, Qld 4558, Australia

[3] Univ South Australia, Sch Commerce, Adelaide, SA 8001, Australia

[4] Shanghai Lixin Univ Commerce, Shanghai, Peoples R China

来源：

ECONOMICS LETTERS | 2016年 / 145卷

关键词：

Price puzzle; Cost channel; Exchange rate pass-through; Rational expectations; MONETARY-POLICY; COST-CHANNEL; MODEL;

D O I：

10.1016/j.econlet.2016.05.023

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The anomalous behavior of inflation in response to contractionary monetary policy is known as the price puzzle. Using a simple open-economy macroeconomic model, with expectations formed rationally, we show that exchange rate pass-through can help in resolving the price puzzle. (C) 2016 Elsevier B.V. All rights reserved.

引用

页码：56 / 59

页数：4

共 8 条

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