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fbtwitterlinkedinvimeoflicker grey 14rssslideshare1
Frederic S. Mishkin (2008)
Types: Preprint
Subjects: jel: jel:F41, jel:E52
This paper discusses what recent economic research tells us about exchange rate pass-through and what this suggests for the control of monetary policy. It first focuses on exchange rate pass-through from a macroeconomic perspective and then examines the microeconomic evidence. In light of this evidence, it then discusses the implications of exchange rate movements on the conduct of monetary policy.

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