Showing 1 - 10 of 88
This paper examines the exchange rate pass-through to yen based manufactured import prices of Japan using asymmetric unit root and cointegration tests and asymmetric models. Due to sticky prices, for example, there are reasons to believe that the degree of pass-through depends on whether the...
Persistent link: https://www.econbiz.de/10005124902
This paper assesses the extent to which the movements in exchange rate affect domestic wholesale and consumer prices in Pakistan by analyzing data from January 1988 to September 2003. The empirical model is a recursive VAR, suggested by McCarthy (2000), incorporating a distribution chain of...
Persistent link: https://www.econbiz.de/10005125025
This paper analyzes how imperfect exchange rate pass-through affects the transmission of the CPI inflation targeting … of the real exchange rate for a subset of strict CPI inflation targeting cases and for flexible CPI inflation targeting …. Furthermore, there exists an inverse relation between the pass-through and the insulation of CPI inflation from foreign shocks …
Persistent link: https://www.econbiz.de/10005126184
This paper assesses the extent to which the movements in exchange rate affect domestic wholesale and consumer prices in Pakistan by analyzing data from January 1988 to September 2003. The empirical model is a recursive VAR, suggested by McCarthy (2000), incorporating a distribution chain of...
Persistent link: https://www.econbiz.de/10005412840
This paper examines a two-country new open economy macroeconomics model with price stickiness a la Taylor, where exporters' choice of invoicing currency is endogenous. Besides generating incomplete pass-through, the model yields four main results. First, firms' invoicing strategy is generally...
Persistent link: https://www.econbiz.de/10005556655
Prais (1958) showed that the standard CPI computed by most statistical agencies can be interpreted as a weighted average of household price indexes, where the weight of each household is determined by its total expenditures. In this paper, we analytically decompose the difference between the...
Persistent link: https://www.econbiz.de/10005125974
This paper discusses the econometric model of inflation processes in the Republic of Belarus which makes it possible to …
Persistent link: https://www.econbiz.de/10005561160
equities fail the test as inflation hedges, as had been quite widely believed, but that they take so long to pass. …
Persistent link: https://www.econbiz.de/10005124935
This paper focuses on instrument choice while consistently estimating the returns to education in Vietnam. Using data … culled from the 2 rounds of the Vietnam Living Standards Survey (VLSS), we explore different sets of exogenous instruments …
Persistent link: https://www.econbiz.de/10005076522
paper then surveys the particular governance challenge in Vietnam as it continues its transition from central planning to … markets. The nature and characteristics of the present administrative structure in Vietnam are then surveyed, followed by a …
Persistent link: https://www.econbiz.de/10005125943