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Details on the models discussed in the box “A weaker krone exchange rate pushes up inflation – but by how much?” in Monetary Policy Report 3/24
Documentation Notes provide concise documentation of analyses or calculations featured in the Monetary Policy Report, speeches, and other publications. This note discusses the three empirical models used to analyze exchange rate pass-through in MPR 3/24, describing methodologies such as ECM, SVAR, and LP models. These models estimate the effect of exchange rate changes on inflation (CPI-ATE) and include detailed mathematical specifications, simulation approaches, and impulse response functions.