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is a potentially important source of inflation in Ghana. Using variance decomposition analyses, it is found that monetary … expansion has been more important in explaining Ghana’s actual inflationary process than the exchange rate depreciation. One … 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
past decade. Design/methodology/approach – We limit our sample to a panel of African countries for which inflation is non …) There are significant long-run equilibriums between inflation and each financial dynamic. (2) When there is a disequilibrium …, while only financial depth and financial size could be significantly used to exert deflationary pressures, inflation is …
Persistent link: https://www.econbiz.de/10011260608
in absolute measures have positive elasticities of inflation; while (2) financial efficiency and size in relative … measures have negative elasticities of inflation. Social implications – This paper helps in providing monetary policy options …
Persistent link: https://www.econbiz.de/10009647401
tentative, our scenarios show that inflation will decrease substantially though inflation inertia may prevent a rapid … stabilization of food prices. One of the main driving forces behind domestic inflation is agricultural output growth. While exchange …
Persistent link: https://www.econbiz.de/10008683294
This paper assesses the adjustment of inflation with financial dynamic fundamentals of money (financial depth), credit … between inflation and the fundamentals. (2) The error correction mechanism is stable in all specifications but in case of any … disequilibrium, only financial depth is significant in adjusting inflation to the long-run relationship. (3) In the long-run, short …
Persistent link: https://www.econbiz.de/10011111089
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
some macroeconomic variables such as exchange rate, inflation and interest rate in Nigeria using Autoregressive Distributed … effective and efficient policy control measure should be develop and implement to normalize exchange rate, inflation and …
Persistent link: https://www.econbiz.de/10011260363
basket and the estimate shows that Euro’s has increased during the period, consistent with the goals against inflation. This …
Persistent link: https://www.econbiz.de/10008516570
the redistributive effects of inflation. The anti-inflationary objective is a priority for Gulf Countries, which entails … not only countering the effects, but also removing the causes of inflation. The experience of the new millennium showed … that the dollar peg, which characterizes the exchange rate regime of the GCC Countries, was a major vehicle of inflation …
Persistent link: https://www.econbiz.de/10008493024
This paper examines the extent to which changes in exchange rates result in changes in Turkish domestic inflation … that exchange rate shocks feed into domestic inflation, first at the level of manufacturers’ prices and then at the level … manufacturer price index in determining Turkish inflation rates. In addition, the decline in the exchange rate pass-through impact …
Persistent link: https://www.econbiz.de/10008497664