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Non-linear exchange rate pass-through in emerging markets

Caselli, Francesca G.; Roitman, Agustin - 2016

This paper estimates exchange rate pass-through to consumer prices in emerging markets focusing on non-linearities and asymmetries. We document non-linearities and asymmetries in the transmission of exchange rate fluctuations to prices using local projection techniques to obtain state dependent...

Persistent link: https://www.econbiz.de/10011436820

Fiscal dominance in Sub-Saharan Africa revisited

Hooley, John; Nguyen, Lam; Saito, Mika; Towfighian, … - 2021

This paper explores the causes and consequences of fiscal dominance over monetary policy in Sub-Saharan Africa (SSA). Fiscal dominance has always been a pressing problem as it can contribute to inflation and macroeconomic instability, and increasingly so as fiscal deficits and public debt are...

Persistent link: https://www.econbiz.de/10012517915

Inflationary effects of monetary policies in newly industrialized economies with cross-sectoral labor and capital immobility

Chakrabarti, Anindya S. - In: Journal of macroeconomics 50 (2016), pp. 151-167

Persistent link: https://www.econbiz.de/10011707875

Does Global Liquidity Matter for Monetary Policy in the Euro Area?

Berger, Helge - 2009

Global excess liquidity is sometimes believed to limit sovereign monetary policy even in large economies, including the … euro area. There is much discussion about what constitutes global excess liquidity and our approach adjusts liquidity for … longer-term interest rate and output effects. We find that especially excess liquidity in the U.S. leads developments in euro …

Persistent link: https://www.econbiz.de/10014404266

Impact of Demographic Changes on Inflation and the Macroeconomy

Yoon, Jong-won - 2014

The ongoing demographic changes will bring about a substantial shift in the size and the age composition of the population, which will have significant impact on the global economy. Despite potentially grave consequences, demographic changes usually do not take center stage in many macroeconomic...

Persistent link: https://www.econbiz.de/10014411766

Hitchhiker’s Guide to Inflation in Libya

Cevik, Serhan - 2013

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...

Persistent link: https://www.econbiz.de/10014395269