TY  - JOUR
AU  - Mishkin,Frederic S.
TI  - Exchange Rate Pass-Through And Monetary Policy
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 13889
PY  - 2008
Y2  - May 2008
UR  - http://www.nber.org/papers/w13889
L1  - http://www.nber.org/papers/w13889.pdf
N1  - Author contact info:
Frederic S. Mishkin
Columbia University
Graduate School of Business
Uris Hall 817
3022 Broadway
New York, NY 10027
Tel: 212-854-3488
Fax: 212/662-8474
E-Mail: fsm3@columbia.edu
AB  - This paper discusses what recent economic research tells us about exchange rate pass-through and what this suggests for the control of monetary policy.  It first focuses on exchange rate pass-through from a macroeconomic perspective and then examines the microeconomic evidence.  In light of this evidence, it then discusses the implications of exchange rate movements on the conduct of monetary policy.
ER  -