Nonlinear Exchange Rate Pass-Through : Does Business Cycle Matter?

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  • Additional Information
    • Publication Information:
      Center for Economic Integration, Sejong Institution, Sejong University, 2018.
    • Publication Date:
      2018
    • Abstract:
      This paper investigates the nonlinear dynamics in the Exchange Rate Pass-Through of the Euro area. We implement the class of logistic smooth transition models to explore the role of the business cycle in driving nonlinearity. Using quarterly data over the period of January 1980 ~ April 2015, our results provide strong evidence of nonlinearity in 7 out of 10 Eurozone countries. We show that the exchange rate transmission to inflation respond to the economic activity in the nonlinear manner, that is, exchange rate pass-through is higher during expansion than recession periods. By monitoring the different patterns of growth and exchange rate pass-through, European monetary authorities could enhance inflation convergence within the Euro area.
    • Author Affiliations:
      ESSCA School of Management, Angers, France
      ESSEC Business School, Cergy-Pontoise, France
      University of Sousse - ISG, Sousse, Tunisia
      ESDES, The Business School of UCLy, France
    • ISSN:
      1225651X
    • Rights:
      © 2018-Center for Economic Integration, Sejong Institution, Sejong University
    • Accession Number:
      edsjsr.26431807
  • Citations
    • ABNT:
      CHEIKH NIDHALEDDINE BEN et al. Nonlinear Exchange Rate Pass-Through : Does Business Cycle Matter? Journal of Economic Integration, [s. l.], v. 33, n. 2, p. 1234, 2018. Disponível em: . Acesso em: 16 jul. 2019.
    • AMA:
      Cheikh Nidhaleddine Ben, Zaied Younes Ben, Bouzgarrou Houssam, Nguyen Pascal. Nonlinear Exchange Rate Pass-Through : Does Business Cycle Matter? Journal of Economic Integration. 2018;33(2):1234. http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsjsr&AN=edsjsr.26431807&custid=s8280428. Accessed July 16, 2019.
    • APA:
      Cheikh Nidhaleddine Ben, Zaied Younes Ben, Bouzgarrou Houssam, & Nguyen Pascal. (2018). Nonlinear Exchange Rate Pass-Through : Does Business Cycle Matter? Journal of Economic Integration, 33(2), 1234. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsjsr&AN=edsjsr.26431807&custid=s8280428
    • Chicago/Turabian: Author-Date:
      Cheikh Nidhaleddine Ben, Zaied Younes Ben, Bouzgarrou Houssam, and Nguyen Pascal. 2018. “Nonlinear Exchange Rate Pass-Through : Does Business Cycle Matter?” Journal of Economic Integration 33 (2): 1234. http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsjsr&AN=edsjsr.26431807&custid=s8280428.
    • Harvard:
      Cheikh Nidhaleddine Ben et al. (2018) ‘Nonlinear Exchange Rate Pass-Through : Does Business Cycle Matter?’, Journal of Economic Integration, 33(2), p. 1234. Available at: http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsjsr&AN=edsjsr.26431807&custid=s8280428 (Accessed: 16 July 2019).
    • Harvard: Australian:
      Cheikh Nidhaleddine Ben, Zaied Younes Ben, Bouzgarrou Houssam & Nguyen Pascal 2018, ‘Nonlinear Exchange Rate Pass-Through : Does Business Cycle Matter?’, Journal of Economic Integration, vol. 33, no. 2, p. 1234, viewed 16 July 2019, .
    • MLA:
      Cheikh Nidhaleddine Ben, et al. “Nonlinear Exchange Rate Pass-Through : Does Business Cycle Matter?” Journal of Economic Integration, vol. 33, no. 2, 2018, p. 1234. EBSCOhost, search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsjsr&AN=edsjsr.26431807&custid=s8280428.
    • Chicago/Turabian: Humanities:
      Cheikh Nidhaleddine Ben, Zaied Younes Ben, Bouzgarrou Houssam, and Nguyen Pascal. “Nonlinear Exchange Rate Pass-Through : Does Business Cycle Matter?” Journal of Economic Integration 33, no. 2 (2018): 1234. http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsjsr&AN=edsjsr.26431807&custid=s8280428.
    • Vancouver/ICMJE:
      Cheikh Nidhaleddine Ben, Zaied Younes Ben, Bouzgarrou Houssam, Nguyen Pascal. Nonlinear Exchange Rate Pass-Through : Does Business Cycle Matter? Journal of Economic Integration [Internet]. 2018 [cited 2019 Jul 16];33(2):1234. Available from: http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsjsr&AN=edsjsr.26431807&custid=s8280428