Nonlinear exchange rate pass-through and monetary policy credibility: evidence from Korea

DOI10.1016/J.ECONLET.2023.111234MaRDI QIDQ6093776zbMATH OpenOpenAlexFDO

Authors Janghan Kwon, Woongjae Shin

Publication date 12 September 2023

Published in Economics Letters (Search for Journal in Brave)

Copyright license Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International

Full work available at URL https://doi.org/10.1016/j.econlet.2023.111234

zbMATH Keywords

exchange rate pass-throughmonetary policy credibilitysmooth transition vector autoregressions

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• Impulse response analysis in nonlinear multivariate models
• Testing linearity against smooth transition autoregressive models

Cited in

(8)

• Direct inflation targeting and nominal convergence: The Czech case
• Monetary convergence and risk premiums in the EU accession countries
• The viability of fixed exchange rate commitments: Does politics matter? A theoretical and empirical investigation
• The effect of monetary and fiscal credibility on exchange rate pass-through in an emerging economy
• Output and Inflation Responses to Credit Shocks: Are There Threshold Effects in the Euro Area?
• Optimal exchange rate policy under unknown pass-through and learning with applications to Korea
• Can exchange rate pass-through explain the price puzzle?
• Gains from anchoring inflation expectations: evidence from the taper tantrum shock

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