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Price-setting and exchange rate pass-through in the Mexican economy : evidence from CPI micro data

Kochen, Federico; Sámano, Daniel - 2016

allows us to evaluate the anchoring of inflation expectations in the Mexican economy. To address this issue, in this paper we …

Persistent link: https://www.econbiz.de/10011523612

Inflation dynamics under fiscal deficit regime switching in Mexico

Ramos-Francia, Manuel; García-Verdú, Santiago; … - 2018

We explore the dynamics of inflation, inflation expectations, and seigniorage-financed fiscal deficits in Mexico. To do … so, we estimate the model in Sargent, Williams, and Zha (2009) using Mexican CPI inflation data. This model features dual … expected inflation equilibriums and regime switching in the mean and variance of the fiscal deficit probability density …

Persistent link: https://www.econbiz.de/10012165948

Exchange Rate Misalignment Estimates – Sources of Differences

Cheung, Yin-Wong - 2011

We study the differences in currency misalignment estimates obtained from alternative datasets derived from two International Comparison Program (ICP) surveys. A decomposition exercise reveals that the year 2005 misalignment estimates are substantially affected by the ICP price revision....

Persistent link: https://www.econbiz.de/10013119692

Exchange Rate Misalignments : A Comparison of China Today Against Recent Historical Experiences of Japan, Germany, Singapore and Taiwan

He, Xinhua - 2011

propagating inflation in the home economy …

Persistent link: https://www.econbiz.de/10013121272

Corporate Investment and the Exchange Rate : The Financial Channel

Banerjee, Ryan; Hofmann, Boris; Mehrotra, Aaron N. - 2021

Using firm-level data for 18 major global economies, we find that the exchange rate affects corporate investment through a financial channel: exchange rate depreciation dampens corporate investment through firm leverage and FX debt. These findings are consistent with the predictions of a...

Persistent link: https://www.econbiz.de/10013250472

Exchange Rate Fluctuations and the Financial Channel in Emerging Economies

Beckmann, Joscha; Comunale, Mariarosaria - 2021

This paper assesses the financial channel of exchange rate fluctuations for emerging countries and the link to the conventional trade channel. We analyze whether the effective exchange rate affects GDP growth, the domestic credit and the global liquidity measure as the credit in foreign...

Persistent link: https://www.econbiz.de/10013214255

Bilaterial Equilibrium Exchange Rates of EU Accession Countries Against the Euro

Rahn, Jörg - 2007

We apply BEER and PEER approaches to calculate real equilibrium exchange rates for five EU accession countries in central and east Europe. Bilateral nominal equilibrium exchange rates against the euro are obtained through algebraic transformation of the results. Panel cointegration techniques...

Persistent link: https://www.econbiz.de/10014224092

Equilibrium Exchange Rates in Oil-Dependent Countries

Korhonen, Iikka; Juurikkala, Tuuli - 2007

We assess the determinants of equilibrium real exchange rates in a sample of oil-dependent countries. Our basic data cover OPEC countries from 1975 to 2005. We also include three oil-producing Commonwealth of Independent States (CIS) countries in our robustness analysis. Utilising several...

Persistent link: https://www.econbiz.de/10014225424

The Pass-Through to Consumer Prices in CIS Economies : The Role of Exchange Rates, Commodities and Other Common Factors

Comunale, Mariarosaria - 2019

This empirical study considers the pass-through of key nominal exchange rates and commodity prices to consumer prices in the Commonwealth of Independent States (CIS), taking into account the effect of idiosyncratic and common factors influencing prices. In order to do that, given the...

Persistent link: https://www.econbiz.de/10012902683

Nonlinear exchange rate pass-through in Mexico

Jaramillo Rodríguez, Jorge; Pech Moreno, Luis Alberto; … - 2019

. Our results suggest the existence of nonlinearities in Mexico only for the merchandise inflation measure, including the … over headline inflation is small. Our results are consistent with the consolidation of a low ERPT in Mexico. …

Persistent link: https://www.econbiz.de/10012167284