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This paper provides new evidence on the exchange rate passthrough to domestic inflation in Sub-Saharan Africa (SSA … depreciations cause sizable increases in domestic inflation. The passthrough in SSA is higher than in other regions and its …-standing view that strengthening monetary policy frameworks and credibility helps mitigate the impact of depreciations on inflation …
Persistent link: https://www.econbiz.de/10015058609
This paper examines whether the real exchange rates of commodity-exporting countries and the real prices of their commodity exports move together over time. Using IMF data on the world prices of 44 commodities and national commodity export shares, we construct new monthly indices of national...
Persistent link: https://www.econbiz.de/10005825719
stability has helped anchor price movement in the ECCU. As the same time, inflation in the ECCU is not entirely imported from …
Persistent link: https://www.econbiz.de/10005826409
expectation formation of market forecasters. Exchange rate expectations are found to be correlated with inflation differentials …
Persistent link: https://www.econbiz.de/10009147326
exchange rate regimes and in countries with a higher income. A low inflation environment, a prudent monetary policy, and a …
Persistent link: https://www.econbiz.de/10010790331
. When the credibility of policymakers’ commitment to low inflation is firm, some degree of dirty floating, with little or no …
Persistent link: https://www.econbiz.de/10005769010
with different degrees of liability dollarization. The paper answers the question of how efficient it is to use inflation …
Persistent link: https://www.econbiz.de/10005769066
further shown to affect output growth and inflation. The nature and magnitude of these effects may depend on the exchange rate …
Persistent link: https://www.econbiz.de/10005769109
, through the supply channel, has limited effects on output growth and inflation. Unanticipated currency fluctuations appear … more significant, with varying effects on output growth and price inflation across developing countries. …
Persistent link: https://www.econbiz.de/10005769253
regimes appear to offer some anti-inflation credibility gain without compromising growth objectives. As countries develop …
Persistent link: https://www.econbiz.de/10005599274