Dollar exchange rate variation affects prices less than euro – Riksbank study
Krona-dollar depreciation often coincides with downturn in demand
Changes in the dollar-krona exchange rate have smaller effects on consumer prices than equivalent changes in the euro-krona exchange rate, new research from Sveriges Riksbank demonstrates.
Researchers Stefania Mammos and Dmytro Stoyko show that a permanent 1% depreciation of the krona against the US dollar does not have a price impact that is statistically different from zero over 12 months.
But the same change against the euro is associated with a positive exchange-rate pass-through (ERPT) after
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Data
UK inflation touches BoE’s target
Alignment with goal expected to be short lived but opens door to rate cuts later in year
Start small to secure resources for AI, central bankers say
Data-driven results could demonstrate GenAI’s usefulness, Summer Meetings hear
Bank of England: time for fourth-generation forecasting tools?
Economists suggest ways to improve BoE’s framework ahead of Bernanke’s report
BoE plans upgrades to data collection process
Overhaul includes work on validation, communications with firms and common data standards
Global house prices close to bottoming out, BIS stats show
Economists puzzle over absence of sharper correction
ECB paper examines household inflation differences
French and German consumer data shows heterogeneity is driven by product choice, research finds
Fed paper presents new way to measure consumer welfare
Consumer preferences change in line with incomes, researcher argues
MAS bolsters efforts on transition finance
Central bank issues new taxonomy and will work on phasing out coal