standard estimation technique of exchange rate pass-through to inflation is extended to incorporate exchange rate volatility …Does the South African rand's relatively large volatility affect inflation? To shed some light on this question, a …. Estimated results suggest that higher exchange rate volatility tends to increase core inflation but to a relatively limited …

Determining the magnitude and speed of the exchange rate passthrough (ERPT) to inflation has been of paramount …-makers should continue to pursue low and stable inflation and develop a strong track record of prudent macroeconomic policies for …

explain the observed exchange rate and inflation variability as well as the fact that the regression and VAR estimates tend to …Using both regression- and VAR-based estimates, the paper finds that the exchange rate pass-through to import prices …

model both consumer and producer price changes. The nonparametric estimation indicates that ERPT to consumer prices is very … high, both in absolute terms and relative to other countries. The dynamics of ERPT as derived from the empirical estimation …

Africa over the past two decades, which coincides with the adoption of the inflation-targeting regime. The paper conjectures … first documents the factors that explain monetary policy credibility. Using the standard deviation of individual inflation … inflation itself, monetary policy uncertainty, and a measure of the unobserved stochastic volatility of inflation. The second …