@ARTICLE{26543120_26558210_2005, 
	author = {Svetlana Shmykova and Kirill Sosunov}, 
	keywords = {, consumer prices, nominal exchange rate, time series analysismonetary policy},
	title = {The Responsiveness of Consumer Prices to Exchange Rate in Russia},
	journal = {HSE Economic Journal },
	year = {2005},
	month = {1},
	volume = {9},
	number = {1},
	pages = {3-16},
	url = {https://ej.hse.ru/en/2005-9-1/26558210.html},
	publisher = {},
	abstract = {In this paper we have empirically examined the exchange-rate pass-through effect to consumer prices and the movement of the effect in Russia during the period of 1999-2004. The evidence from vector autoregression model demonstrates that the average pass-through is low. We have also shown that in spite of gradual decreasing of inflation during that period and fall in dollar exchange rate in 2003, the exchange rate pass-through to prices risen after 2001. We suppose that the most important determinant of changes in pass-through over time is the growth of import share in consumption. In addition, we have shown that growth of exchange rate pass-through effect came from appreciation of the euro on domestic currency market.},
	annote = {In this paper we have empirically examined the exchange-rate pass-through effect to consumer prices and the movement of the effect in Russia during the period of 1999-2004. The evidence from vector autoregression model demonstrates that the average pass-through is low. We have also shown that in spite of gradual decreasing of inflation during that period and fall in dollar exchange rate in 2003, the exchange rate pass-through to prices risen after 2001. We suppose that the most important determinant of changes in pass-through over time is the growth of import share in consumption. In addition, we have shown that growth of exchange rate pass-through effect came from appreciation of the euro on domestic currency market.}
}