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Swiss Journal of Economics and Statistics
Fig. 4 | Swiss Journal of Economics and Statistics

Fig. 4

From: Heterogeneity in the exchange rate pass-through to consumer prices: the Swiss franc appreciation of 2015

Fig. 4

Synthetic control group prices. Notes Monthly HICP all-items index with January 2014 prices normalized to 100. Europe (baseline) is a GDP-weighted price average of 33 European countries excluding Switzerland. Europe (synthetic) is the control group implied by the synthetic DID method of Arkhangelsky et al. (2021), using the same sample of 33 European countries but excluding for the 10 countries with the most volatile prices in 2015. Data source: Eurostat (2022)

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