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This paper analyzes the exchange rate pass-through (ERPT) into consumer prices for 12 EA countries within a CVAR framework. Using the Johansen cointegration procedure, results indicate the existence of one cointegrating vectors at least for each EA country of our sample. When measuring the...
Persistent link: https://www.econbiz.de/10011259175
is a potentially important source of inflation in Ghana. Using variance decomposition analyses, it is found that monetary … policy implication of these findings is that policies that aim at lowering inflation must focus on monetary and exchange rate …
Persistent link: https://www.econbiz.de/10008869291
This paper provides an empirical study of the asymmetrical spillovers of the euro-US dollar exchange rate on inflation … the only key factor, in determining the asymmetry in inflation between core and periphery. The nominal effective exchange … rate instead is a very important driver for the inflation only considering the whole euro zone. Therefore, the EMU seems to …
Persistent link: https://www.econbiz.de/10011108149
This paper investigates whether the exchange rate pass-through (ERPT) to CPI inflation is a nonlinear phenomenon for … confidence during the recent sovereign debt crisis has entailed a higher sensibility of CPI inflation to exchange rate movements. …
Persistent link: https://www.econbiz.de/10011108244
This paper examines the presence of nonlinear mechanism in the exchange rate pass-through (ERPT) to CPI inflation for …
Persistent link: https://www.econbiz.de/10011109154
This paper investigates whether the exchange rate pass-through (ERPT) to CPI inflation is a nonlinear phenomenon for … confidence during the recent sovereign debt crisis has entailed a higher sensibility of CPI inflation to exchange rate movements. …
Persistent link: https://www.econbiz.de/10011109707
Responsiveness of exchange rates to external price shocks as well as their ability to serve as a traditional vehicle for a transmission of these shocks to domestic prices is affected by exchange rate arrangement adopted by monetary authorities. As a result, exchange rate volatility determines...
Persistent link: https://www.econbiz.de/10011110778
This paper examines the presence of nonlinear mechanisms in the exchange rate pass-through (ERPT) to CPI inflation for … three macroeconomic factors, namely inflation rate, exchange rate fluctuations and business cycle. Our results reveals that … exchange rate transmission is higher when inflation rate surpass some threshold. We give a supportive evidence to the Taylor …
Persistent link: https://www.econbiz.de/10011258090
This paper aims to contribute to the meager literature on monetary policy effectiveness in Tunisia especially after the revolution of January 2011; a period during which the country entered a delicate democratization transition. On the basis of a monthly data of several macroeconomic variables...
Persistent link: https://www.econbiz.de/10011210489
This paper investigates the effect of changes in exchange rate on consumer price level, in Fiji, known as exchange rate pass-through during a thirty year period (1982-2009). Specifically, three time periods are focused on: the pre-coup years (1982-1986); post coup years (1987-2009); and full...
Persistent link: https://www.econbiz.de/10009325628