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data from 1996-97Q1 to 2011-12Q4. It finds that both the shocks impact real output growth and inflation in the short …. An unanticipated hike/reduction in policy rate leads to a symmetric decline/rise in inflation. An unanticipated change in … money supply leads to higher inflation, but a similar decrease in it has no significant impact on inflation. …
Persistent link: https://www.econbiz.de/10011259315
to their increase, an unanticipated hike in policy rate has no impact on them. The impact on inflation is also symmetric … neutral to components of aggregate demand and, thus, on inflation, ranging from 6.25 per cent to 7.0 per cent. …
Persistent link: https://www.econbiz.de/10011107770
significantly depend on Brent oil price and on the inflation in a structure of administered price. Second at the level of the … monthly analysis, the conducted study allowed us to identify the nature of inflation, which is said to the production cost …
Persistent link: https://www.econbiz.de/10011114550
This paper analyzes the exchange rate pass-through (ERPT) into consumer prices for 12 EA countries within a CVAR framework. Using the Johansen cointegration procedure, results indicate the existence of one cointegrating vectors at least for each EA country of our sample. When measuring the...
Persistent link: https://www.econbiz.de/10011259175
is a potentially important source of inflation in Ghana. Using variance decomposition analyses, it is found that monetary … policy implication of these findings is that policies that aim at lowering inflation must focus on monetary and exchange rate …
Persistent link: https://www.econbiz.de/10008869291
the only key factor, in determining the asymmetry in inflation between core and periphery. The nominal effective exchange …This paper provides an empirical study of the asymmetrical spillovers of the euro-US dollar exchange rate on inflation … group estimator, testing for the asymmetry. Estimating the model with the first type of method, the exchange rate pass …
Persistent link: https://www.econbiz.de/10011108149
This paper investigates whether the exchange rate pass-through (ERPT) to CPI inflation is a nonlinear phenomenon for … confidence during the recent sovereign debt crisis has entailed a higher sensibility of CPI inflation to exchange rate movements. …
Persistent link: https://www.econbiz.de/10011108244
This paper examines the presence of nonlinear mechanism in the exchange rate pass-through (ERPT) to CPI inflation for …
Persistent link: https://www.econbiz.de/10011109154
This paper investigates whether the exchange rate pass-through (ERPT) to CPI inflation is a nonlinear phenomenon for … confidence during the recent sovereign debt crisis has entailed a higher sensibility of CPI inflation to exchange rate movements. …
Persistent link: https://www.econbiz.de/10011109707
Responsiveness of exchange rates to external price shocks as well as their ability to serve as a traditional vehicle for a transmission of these shocks to domestic prices is affected by exchange rate arrangement adopted by monetary authorities. As a result, exchange rate volatility determines...
Persistent link: https://www.econbiz.de/10011110778