Abstract

The main objective of this study is to investigate the exchange rate pass through to import price using Iranian seasonal time series over the period 1991:2-2015:1. For this purpose, the empirical model, has been Estimated using Quintile Regression as a useful tool. The results indicate that degree of exchange rate pass through is incomplete in various deciles, so that the exchange rate pass through to import price in 4 first deciles is positive and significant and in upper deciles is negative and non-significant. Also, the results show that degree of exchange rate pass through to import price in first to 4th decile is varied between 0/21 to 0/08 percent, so that higher decile led to lower degree of exchange rate pass through.