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  • Exchange rate pass-through, the terms of trade and the trade balance 

    Murphy, Eithne (National University of Ireland, Galway, 1999)
    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, ...
  • Exchange rate pass-through, the terms of trade and the trade balance 

    Murphy, Eithne (National University of Ireland, Galway, 1999)
    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, ...