The 2015 Swiss franc appreciation showed that a stronger currency does not fully translate into proportionate reductions in consumer prices, either at short or medium horizons.
@raphauer.bsky.social @arielburst.bsky.social @leinsarah.bsky.social
https://cepr.org/voxeu/columns/ten-years-after-swiss-franc-shock-lessons-prices-expenditure-switching-and-inequality
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