Exchange rate pass-through in Albania

Author: Klodiana Istrefi, Valentina Semi
Printed on: 19.03.2009
Production date: 19.03.2009
Material category : Not Periodic Publications / Working Papers
This paper assesses the extent and the speed of exchange rate pass-through to consumers prices in Albania, using vector autoregressions models, VAR . Evidence shows that exchange rate pass-through for the period 1996-2006 is complete within a year. Meanwhile, a sub-sample analysis shows the incompleteness and the decline of pass-through to consumer prices after the year 2000.