New Keynesian exchange rate pass-through / prepared by Woon Gyu Choi and David Cook.

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 U.S. This can be viewed as measuring exchange rate pass-through, in line with price st...

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Bibliographic Details
Main Authors: Choi, Woon Gyu, 1960- (Author), Cook, David, 1966 May 2- (Author)
Corporate Author: IMF Institute
Format: eBook
Language:English
Published: Washington, D.C. : International Monetary Fund, ©2008.
Series:IMF working paper ; WP/08/213.
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Online Access:Click for online access

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