Showing 1 - 10 of 74
We study the transmission of monetary shocks across euro-area countries using a dynamic factor model and high-frequency identification. We develop a methodology to assess the degree of heterogeneity, which we find to be low in financial variables and output, but significant in consumption,...
Persistent link: https://www.econbiz.de/10012252067
Persistent link: https://www.econbiz.de/10011740930
Persistent link: https://www.econbiz.de/10002769242
Determining the magnitude and speed of the exchange rate passthrough (ERPT) to inflation has been of paramount …-makers should continue to pursue low and stable inflation and develop a strong track record of prudent macroeconomic policies for …
Persistent link: https://www.econbiz.de/10012613475
Based on VAR analyses across 26 countries, we show that, although foreign exchange intervention (FXI) is effective in stabilizing the nominal exchange rate in the short run, its impacts on the real exchange rate are less significant: Limitations on nominal exchange rate flexibility may induce...
Persistent link: https://www.econbiz.de/10012613705
between monetary autonomy and inflation dynamics in a panel of Caribbean countries over the period 1980-2017. The empirical … results show that monetary independence is a significant factor in determining inflation, even after controlling for … monetary policy for domestic purposes independent of external monetary influences, leads to lower consumer price inflation …
Persistent link: https://www.econbiz.de/10012103732
Does the South African rand's relatively large volatility affect inflation? To shed some light on this question, a … standard estimation technique of exchange rate pass-through to inflation is extended to incorporate exchange rate volatility …. Estimated results suggest that higher exchange rate volatility tends to increase core inflation but to a relatively limited …
Persistent link: https://www.econbiz.de/10012155038
Persistent link: https://www.econbiz.de/10000883892
Persistent link: https://www.econbiz.de/10000885954
Persistent link: https://www.econbiz.de/10000860502