1 Subjects: “...Foreign Exchange...”

2 Subjects: “...Foreign Exchange...”

3 Subjects: “...Foreign Exchange...”

4 Subjects: “...Foreign Exchange...”

5 Subjects: “...Foreign Exchange...”

6 Subjects: “...Foreign Exchange...”

7 Subjects: “...Foreign Exchange...”

8 Subjects: “...Foreign Exchange...”

9 Table of Contents: “... and Short Run Testing -- 4. The Monetary Approach to Exchange Rate Modelling -- 5. Modelling Departures from...”

10 Subjects: “...Foreign Exchange...”

11 Subjects: “...Foreign Exchange...”

12 Subjects: “...Foreign Exchange...”

13 Subjects: “...Foreign Exchange...”

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15 “... of the exchange rate pass-through substantially declined over time mainly due to a fall in inflation rates...”