01807cas a2200253 a 4500 AALejournalIMF002207 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451874518 1018-5941 BD-DhAAL BD-DhAAL Rossi, Marco. Exchange Rate Pass-Through in Turkey / Marco Rossi, Daniel Leigh. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (18 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In light of the strong correlation between exchange rate movements and domestic prices in Turkey, it is important to assess the impact of the exchange rate on domestic prices, in particular as Turkey moves to an inflation targeting regime. This paper uses a recursive vector autoregression model to investigate the impact of exchange rate movements on prices in Turkey. We find that (i) the impact of the exchange rate on prices is over after about a year, but is mostly felt in the first four months, (ii) the pass-through to wholesale prices is more pronounced compared to the pass-through to consumer prices, and (iii) the estimated pass-through is complete in a shorter time and is larger than that estimated for other key emerging market countries. Mode of access: Internet Leigh, Daniel. IMF Working Papers; Working Paper ; No. 2002/204 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/204/001.2002.issue-204-en.xml IMF e-Library