文章基本信息

标题：Revisiting the decline in the exchange rate pass-through: further evidence from developing countries
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作者：Jamel JOUINI ; Karim BARHOUMI
期刊名称：Economics Bulletin
电子版ISSN：1545-2921
出版年度：2008
卷号：3
出版社：Economics Bulletin
摘要：In this paper, we revisit the Taylor (2000) proposition for some developing countries in order to examine the decline in their pass-through coefficients, and to find possible explanations for this. Our work is motivated by the fact that during the 1990s, some developing countries shifted their monetary policy in order to reduce the inflation. We adopt a methodology based on structural break and cointegration approaches proposed by Bai and Perron (1998), and Gregory and Hansen (1996), respectively. These techniques allow identifying the inflation decline and adopting a long-run approach which is ignored in some empirical works related to the pass-through.
关键词：cointegration tests