01777cas a2200265 a 4500 AALejournalIMF002237 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451875331 1018-5941 BD-DhAAL BD-DhAAL Faruqee, Hamid. Explaining the Exchange Rate Pass-Through in Different Prices / Hamid Faruqee, Dalia Hakura, Ehsan Choudhri. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (32 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 This paper examines the performance of different new open economy macroeconomic models in explaining the exchange rate pass-through in a wide range of prices. Quantitative versions of different models are used to derive the dynamic response of various prices to an exchange rate shock. Predicted responses are compared with the evidence based on VAR models to examine how well different models fit the data. The results show that the best-fitting model incorporates a number of features highlighted by different strands of the literature: sticky prices, sticky wages, distribution costs, and a combination of local and producer currency pricing. Mode of access: Internet Choudhri, Ehsan. Hakura, Dalia. IMF Working Papers; Working Paper ; No. 2002/224 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/224/001.2002.issue-224-en.xml IMF e-Library