Exchange rate pass-through to import prices: Evidence from Serbia


  • Safet Kurtović University of Travnik



In this paper we estimated the degree of exchange rate pass-through (ERPT) into aggregate import prices in Serbia. ERPT was determined by application of single equation, cointegration approach (ARDL model), error correction term (ECM) and VAR Granger Causality tests. We based our research on data from 2008Q1 to 2014Q4. The results of our research show partial pass-through in the short run; in the long run pass-through was not observed. In addition to that, we found that appreciation of the nominal effective exchange rate (NEER) led to significant pass-through asymmetry in the short run.

Author Biography

Safet Kurtović, University of Travnik

Faculty of Management and Business Economics


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How to Cite

Kurtović, S. (2019). Exchange rate pass-through to import prices: Evidence from Serbia. Economics and Business Letters, 8(1), 7–16.