Eurozone exchange rate pass-through has declined over time – researcher
Italian passthrough has behaved very differently from other major eurozone economies, paper finds
The extent to which exchange rates have been "passed through" in the eurozone has declined significantly over the last 20 years, a working paper published by the European Central Bank argues.
In Has the exchange rate pass through recently declined in the euro area?, Selin Özyurt examines the degree and speed of exchange rate pass-through into the prices of goods imported from outside the eurozone.
The author uses quarterly data for the whole eurozone and for its five largest economies, between
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