Exchange Rate Pass-Through to Domestic Prices
研究了欧元区爱尔兰消费品通胀对英镑汇率变动的敏感性，发现英镑汇率波动能解释2016年爱尔兰价格动态，尤其是英国脱欧公投后。
Even by euro area standards, Irish goods inflation remained very weak throughout 2016. This Letter provides empirical evidence that Irish consumer goods price inflation is particularly exposed to movements in the euro-sterling exchange rate - notwithstanding factors such as global prices, interest rates and domestic consumption. This exposure of Irish consumer prices to sterling currency movements is shown to closely explain price dynamics throughout 2016, in particular for the period following the British vote to leave the EU.