Exchange Rate Pass-Through: Distorted Price Elasticity in Lebanon
par Liliane Mokbel, 25/09 15:24 - Reading : 3 minute(s)
The transmission effect or exchange rate pass-through reflects the impact of currency depreciation on price levels, particularly their elasticity, driven mainly by changes in the prices of imported goods and services. This is especially relevant for Lebanon, which experienced a historic currency devaluation from 2020 to 2023, with its ...
