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Using both regression- and VAR-based estimates, the paper finds that the exchange rate pass-through to import prices … import price pass-through, it would not imply a lower export price pass-through. Recent explanations of this puzzle have …
Persistent link: https://www.econbiz.de/10009622459
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. MONEY, EXCHANGE RATES, AND INFLATION IN TANZANIA -- III. A SURVEY OF THE …
Persistent link: https://www.econbiz.de/10012690980
Inflation -- B. VAR Models -- C. Variable Coefficient Models -- D. Using Subcomponents of CPI -- IV. CONCLUSIONS -- References. …
Persistent link: https://www.econbiz.de/10012691172
inflation. Through a novel consumption deflator decomposition, we show that import prices account for 40 percent of the average …We document the importance of import prices and domestic profits as a counterpart to the recent increase in euro area … 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
Inflation and unemployment rate were largely disconnected between 2000 and 2019 in advanced economies. We decompose … core inflation into two parts based on the cyclical sensitivity of CPI components and document several salient facts: (i … inflation and unemployment rate. The approach has potential to help understand forces shaping price pressures during the …
Persistent link: https://www.econbiz.de/10015060429
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
The paper considers the determinants of exchange rate movements among sub-Saharan countries that have flexible exchange rate regimes. The determinants are based on the law of one price and interest parity conditions. Results indicate that the exchange rates have responded significantly to...
Persistent link: https://www.econbiz.de/10009621648
A self-exciting threshold autoregressive model is used to measure transaction costs that may explain relative price differentials and nonlinearities in the behavior of sectoral real exchange rates across Mexico, Canada and the U.S. Interpreting price threshold bands as transactions costs, we...
Persistent link: https://www.econbiz.de/10014409023