Exchange rate pass-through in EMU acceding countries: Empirical analysis and policy implications

@inproceedings{Coricelli2006ExchangeRP,
  title={Exchange rate pass-through in EMU acceding countries: Empirical analysis and policy implications},
  author={Fabrizio Revenga Ana Coricelli and Bo{\vs}tjan Jazbec and Igor Masten},
  year={2006}
}
Abstract Countries that joined the European Union in 2004 have to decide when to adopt the Euro. This decision depends on the evaluation of the relative costs and benefits associated with giving up the exchange rate instrument. Recent empirical work on several new EU members has questioned the role of the exchange rate as a shock absorber, thus downplaying the potential costs in terms of macroeconomic stabilization. In this paper, we address the issue from a different perspective, emphasizing… CONTINUE READING

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