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In this paper, we argue that inflation targeting could be the future of Tunisia's monetary policy. Monetary targeting … reserves, current account deficit, and inflation differentials with main trading partners. The Central Bank of Tunisia has … already made important progress toward inflation targeting. The paper evidences the existence of increasingly effective …
Persistent link: https://www.econbiz.de/10012301899
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cent over a two-year horizon. Both cyclical (subdued demand) and structural (decline in level of inflation) factors have …
Persistent link: https://www.econbiz.de/10011341750
We examine exchange rate pass-through, or how domestic prices respond to exchange rate shocks, in the Czech Republic from 1998 to 2013 by employing vector autoregression models. Using the aggregate consumer price index and its sub-components, we find that the degree of passthrough is incomplete...
Persistent link: https://www.econbiz.de/10010529885
Vulnerability of exchange rates to the external price shocks as well as their absorption capabilities represents one of the most discussed area in the fixed versus flexible exchange rate dilemma. Ability of exchange rates to serve as a traditional vehicle for a transmission of external shocks to...
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costs across product groups. We show that, after the referendum, inflation increased by more for product groups with higher …
Persistent link: https://www.econbiz.de/10012157863
This paper deals with the dynamic response of exchange rates, inflation and agricultural foreign trade in Bulgaria … domestic economies causing pressure on inflation in the long run; (ii) in the short run the impact of a positive shock in … international food price increases domestic inflation, depreci-ates the currency and reduces the agricultural trade; (iii) the …
Persistent link: https://www.econbiz.de/10012174767