explain the observed exchange rate and inflation variability as well as the fact that the regression and VAR estimates tend to …

, and current account liberalization; and (ii) inflation and various determinants, including lagged inflation, the nominal … and the real exchange rate are significant determinants but not the exchange regime or liberalization; and for inflation …, the lagged inflation rate, nominal exchange rate, and the de facto regime are significant. Exchange rate pass-through is …

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

This paper focuses on the role of the pass-through of the exchange rate and policydeterminants in driving inflation …, nonfood prices not only directly influence headline inflation, but also have an significant impact on food inflation via … second round effects; (ii) the pass-through of the exchange rate to headline inflation has jumped from zero to 11 percent …

This paper analyzes food inflation trends in Sub-Saharan Africa (SSA) from 2000 to 2016 using two novel datasets of … disaggregated CPI baskets. Average food inflation is higher, more volatile, and similarly persistent as non-food non-fuel (NF …/NF) inflation, especially in low-income countries (LICs) in SSA. We find evidence that food inflation became less persistent from …

inflation. Through a novel consumption deflator decomposition, we show that import prices account for 40 percent of the average … convergence of inflation to target over the next two years. Monetary policy will thus need to remain restrictive to anchor …

CPI weights to account for the changes in spending patterns increases the estimate of inflation over the early months of … the underestimation of inflation. Updated CPI weights should be developed as soon as is feasible, but flux in spending …

The standard measure of core or underlying inflation is the inflation rate excluding food and energy prices. This paper … constructs an alternative measure, the weighted median inflation rate, for 38 advanced and emerging economies using subclass …, and more closely related to headline inflation over the next year. The weighted median also has a drawback: in most …

This paper examines the long-run relationship between consumer price index industrial workers (CPI-IW) inflation and …, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically …-significant inflation-growth threshold effects in the case of states with persistently-elevated inflation rates of above 5.5percent. This …