Showing 1 - 10 of 1,155
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
expectation formation of market forecasters. Exchange rate expectations are found to be correlated with inflation differentials …
Persistent link: https://www.econbiz.de/10009147326
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
. 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
targets for inflation. Using the recent experience of Colombia between 2004 and 2007, this paper examines the effectiveness of … the Central Bank's intervention in stemming domestic currency appreciation under an inflation targeting regime. The … slowing down domestic currency appreciation, as large-scale intervention became incompatible with meeting the inflation target …
Persistent link: https://www.econbiz.de/10005263872
This paper discusses the institutional arrangements for exchange rate targeting in Barbados and the critical role they played in the policy response to its balance of payments crisis of 1991-92. The framework featured ongoing cooperation between the central bank and the Ministry of Finance, and...
Persistent link: https://www.econbiz.de/10005263940