The Shocks Matter: Improving Our Estimates of Exchange Rate Pass-Through
NBER Working Paper No. 24773
---- Acknowledgments ----
Thanks to Gianluca Benigno, Giancarlo Corsetti, Gita Gopinath, Pierre Olivier Gourinchas, Gabor Pinter, Frank Smets, Kostas Theodoridis, and participants at the MMF Conference at Cardiff University, at the EACBN event at the Bank of England, at the University of Kent, at the HKUST-Keio-HKMA Conference on Exchange Rates and Macroeconomics, at the 2016 Economic Growth and Policy Conference at Durham University, at the Exchange Rate Pass-Through workshop at the Central Bank of Chile, and the NBER Summer Institute for helpful comments and suggestions. The views in this paper do not represent the official views of the Bank of England or its Monetary Policy Committee. Any errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.