Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/211776 
Year of Publication: 
1996
Series/Report no.: 
Bank of Finland Discussion Papers No. 26/1996
Publisher: 
Bank of Finland, Helsinki
Abstract: 
In this paper, we analyze the empirical relevance of exchange rate pass-through for Finland, Sweden and Denmark during the period 1980-1994.Further, we attemp to determine if there has been a structural change in the pass-through relationship in 1990s.We find that about half the changes in exchange rates and world prices are passed through to import prices within one year, and three-quarters of such changes are passed through to import prices in two years.Moreover, there are no major differences among countries.Parameter constancy tests indicate the possibility of a structural change where the pass-through has slowed in recent years.Possible explanations of this are that the exchange rate regime has changed and competition has increased.
Subjects: 
exchange rate pass-through
import prices
structural change
Persistent Identifier of the first edition: 
ISBN: 
951-686-525-9
Document Type: 
Working Paper

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