Mariarosaria Comunale (Bank of Lithuania) will present the research paper "Shock dependence of exchange rate pass-through in the euro area". The concept of shock dependency of the pass-through emerged from an understanding that exchange rate movements, driven by different shocks, can have different effects on prices. The author attempts to shed a light on shock-dependent exchange rate pass-through for the euro area and its member states by drawing comparisons and looking at the robust results across the available structural empirical frameworks and theoretical models. Findings suggest that different domestic and global shocks can be associated with widely different pass-throughs, but these are similar across models, with the largest value experienced in the case of monetary policy shocks.
Access: https://uva-live.zoom.us/j/83615589771?pwd=R2tNQ2xKV2wwaFByTjRZVGt1TlJxQT09
(Meeting ID: 836 1558 9771, Passcode: 541187).