Showing 1 - 10 of 1,493
. There is strong evidence of a positive and significant association between the pass-through and the average inflation rate … across countries and periods. The inflation rate, moreover, dominates other macroeconomic variables in explaining cross …
Persistent link: https://www.econbiz.de/10014400110
In this paper, we argue that inflation targeting could be the future of Tunisia's monetary policy. Monetary targeting … reserves, current account deficit, and inflation differentials with main trading partners. The Central Bank of Tunisia has … already made important progress toward inflation targeting. The paper evidences the existence of increasingly effective …
Persistent link: https://www.econbiz.de/10012301899
We test the existence of the balance sheet channel of monetary policy in a middle-income country. Firm-level data scarcity and quality, in such a context, make the identification of this channel a steep challenge. To circumvent this challenge, we use panel instrumental variables estimation with...
Persistent link: https://www.econbiz.de/10012154690
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
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
In the last two years the real has undergone a large depreciation and the central bank has missed its inflation target … in 2002 for the second year in a row. Inflation, however, has increased much less than the rate of currency depreciation … and the pickup in inflation in the last quarter of 2002 raises the question of whether the exchange rate passthrough has …
Persistent link: https://www.econbiz.de/10014403890
autoregression (VAR) models. Using a data set covering the period 1990-2005, we find that the exchange rate pass-through to inflation … should remain vigilant in assessing the potential impact of foreign prices on the dynamics of inflation in Tanzania. In this … regard, the authorities should seek to maintain low and stable inflation and continue the ongoing structural reforms designed …
Persistent link: https://www.econbiz.de/10014402031
inflation targeting regime in the transmission from exchange rate movements to prices. We perform a set of robustness checks …
Persistent link: https://www.econbiz.de/10011436820
This paper examines inflation dynamics in Chile during the last peso depreciation episode 2013-15. The evidence is for … substantial pass-through effects to inflation, given the large and persistent depreciation movement. Widespread indexation … practices in non-traded goods markets are found to amplify the inflation response to the depreciation, while the role of wage …
Persistent link: https://www.econbiz.de/10011711715
The paper analyzes the dynamics of inflation in Guinea during 1992-2003 applying cointegration and error …
Persistent link: https://www.econbiz.de/10014404149