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Exchange rate pass-through, the terms of trade and the trade balance
Murphy, Eithne
We show that if exchange rate pass-through is incomplete, a country's terms of trade may move in the same or contrary direction to the nominal value of its currency. Moreover, when the degree of pass-through is endogenous, the trade balance must improve it the currency devalues.
Keyword(s): Economics; Trade balance; Terms of trade; Exchange rate pass-through
Publication Date:
Type: Working paper
Peer-Reviewed: Yes
Language(s): English
Institution: NUI Galway
Publisher(s): National University of Ireland, Galway
File Format(s): application/pdf
First Indexed: 2015-11-10 09:21:01 Last Updated: 2015-11-10 09:21:01