Pegs, Prices, and Pass-Through: Exchange-Rate Regimes and Inflation Transmission in Commodity-Exporting Economies
Hard pegs are said to import price stability; floats, to absorb external shocks. Both claims are comparative, yet most evidence comes from single-regime settings. This paper estimates regime differences in inflation transmission on an unbalanced annual panel of commodity-dependent economies, 1990–2024; 71 economies pas...