1. Macroeconomic Determinants of Exchange Rate Pass-Through in India
- Author:
- Ramkishen S. Rajan and Amit Ghosh
- Publication Date:
- 04-2007
- Content Type:
- Working Paper
- Institution:
- Department of Economics and Business, Colorado College
- Abstract:
- This paper examines the evolution of exchange rate pass-through (ERPT) into India's consumer price index (CPI) at the aggregate level over the period 1980Q1-2006Q4. It also investigates whether the extent of exchange rate pass-through is impacted by common macro fundamentals such as inflation and exchange rate volatility. Finally, the paper also tests for possible asymmetries of ERPT during periods of depreciation versus appreciation.
- Topic:
- Economics, Markets, and Monetary Policy
- Political Geography:
- South Asia and India