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Using both regression- and VAR-based estimates, the paper finds that the exchange rate pass-through to import prices for a large number of countries is incomplete and larger than the pass-through to export prices. Previous studies have reported similar results, which give rise to the puzzle that...
Persistent link: https://www.econbiz.de/10009622459
Intro -- Contents -- I. INTRODUCTION -- II. MONEY, EXCHANGE RATES, AND INFLATION IN TANZANIA -- III. A SURVEY OF THE …
Persistent link: https://www.econbiz.de/10012690980
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 …
Persistent link: https://www.econbiz.de/10015059338
This paper presents an empirical investigation of inflation dynamics in Libya over the period 1964–2010, using … cointegration and error correction models. While inflation inertia is found to be a key determinant of consumer price inflation, the … econometric results indicate that government spending, money supply growth, global inflation, and exchange rate pass-through play …
Persistent link: https://www.econbiz.de/10011142009
This paper investigates how consumer price inflation is determined in Mali for 1979-2006 along three macroeconomic …
Persistent link: https://www.econbiz.de/10012677447
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 …
Persistent link: https://www.econbiz.de/10015059656
Using the theory of optimal local currency pricing, this paper constructs a structural equation to estimate the rate at which foreign producer prices pass through the local currency prices of imported goods in the U.S. This can be viewed as measuring exchange rate pass-through, in line with...
Persistent link: https://www.econbiz.de/10012677652
30 years, we document that exchange rate pass-through significantly larger during periods of high inflation and elevated …
Persistent link: https://www.econbiz.de/10015059492
Intro -- Contents -- I. INTRODUCTION -- II. ELEMENTARY INDEX NUMBER FORMULAS, THEIR USE AND JUSTIFICATION -- III. DIFFERENCES BETWEEN THE JEVONS AND DUTOT FORMULAS -- IV. EMPIRICAL WORK -- V. IMPLICATIONS FOR CPI COMPILATION -- VI. SUMMARY -- Data Annex.
Persistent link: https://www.econbiz.de/10012691106
Persistent link: https://www.econbiz.de/10012690983