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
收藏
页码：56 / 59
页数：4
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