01601cas a2200241 a 4500 AALejournalIMF002471 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451855210 1018-5941 BD-DhAAL BD-DhAAL Gueorguiev, Nikolay. Exchange Rate Pass-Through in Romania / Nikolay Gueorguiev. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (30 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 Quantifying the size and speed of the exchange rate pass-through to prices is important for formulating monetary policy decisions in Romania. Using a recursive VAR model, this paper finds that (i) the pass-through is large and relatively fast, accounting for a sizable fraction of inflation; (ii) the pass-through from the exchange rate against the U.S. dollar is larger, if not faster, than the one from alternative exchange rate benchmarks; and (iii) the pass-through to producer prices seems to have moderated recently, while the same cannot be said yet for consumer prices. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2003/130 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/130/001.2003.issue-130-en.xml IMF e-Library