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Monetary policy formation subject to exchange rate pass-through


Pavel Trunin, Yuriy Ponomarev
(about the authors)

Trunin Pavel Vyacheslavovich – Candidate of Science, Economics, Head of the Chair of Macroeconomics and Finances Scientific Field, Institute of Economic Policy named after Е.Т. Gaidar, Deputy Director, Center of the central banks problems study of the Russian Presidential Academy of National Economy and Public Administration, Moscow

Ponomarev Yuriy Yuryevich – Postgraduate student, Institute of Economic Policy named after Е.Т. Gaidar, Research Officer, Institute of Applied Economic Researches of the Russian Presidential Academy of National Economy and Public Administration, Moscow

Published in:
Russian Journal of Entrepreneurship
– № 7 / April, 2014



Keywords: asymmetry of exchange rate pass-through, exchange rate, inflation, monetary policy, pass-through, prices


Citation:
Pavel Trunin, Yuriy Ponomarev (2014). Monetary policy formation subject to exchange rate pass-through. Russian Journal of Entrepreneurship, 15(7), 26-36. — url: http://bgscience.ru/com/lib/4616


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Abstract:

The article analyzes monetary policy formation subject to the specifics of exchange rate pass-through. The authors consider questions of optimal monetary policy rules in presence of incomplete exchange rate pass-through effect, as well as exchange rate pass-through asymmetry. Substantiated the relationship between inflation and exchange rate pass-through.







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