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A study on the Exchange Rate Pass-Through to consumer prices in Malta
Abela, Glenn; Rapa, Noel - 2021
HICP inflation seems to be largely driven by the goods component while ERPT to services prices is largely insignificant …
Persistent link: https://www.econbiz.de/10012604346
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Exchange rate pass-through in South America : an overview
Borensztein, Eduardo; Queijo von Heideken, Virginia - 2016
" to inflation, an effect that is known as exchange rate pass-through (ERPT). In particular, if an exchange rate … relatively lower ERPT in the past two decades, the exchange rate continues to be a large determinant of inflation in several …
Persistent link: https://www.econbiz.de/10011521215
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An exchange rate policy rule
Parrado, Eric - 2023
responds to inflation and output volatility, especially during economic crises. This framework offers a promising alternative …
Persistent link: https://www.econbiz.de/10014538995
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Is the Rupee over-valued?
Bhagwati, Jaimini; Barua, Abheek; Khan, M. Shuheb - 2015
The paper's objective is to examine whether the Indian Rupee was fairly valued as of end March 2015. First, the movements of the trade weighted real effective exchange rate (REER) of the Rupee are tracked over the last ten years. Next, the underpinnings of the Harrod-Balassa-Samuelson effect,...
Persistent link: https://www.econbiz.de/10011284447
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Is the Chinese currency substantially misaligned to warrant further appreciation?
Qin, Duo; He, Xinhua - 2010
This study provides quarterly time-series estimates of the misalignment in the REER of the Renminbi (RMB). The estimation is based on a commonly used economic approach, but with a wider and more up-to-date coverage of data and a more extensive use of econometric modelling techniques. Our...
Persistent link: https://www.econbiz.de/10003933930
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Exchange rate misalignments : historical experience of Japan, Germany, Singapore and Taiwan compared to China today
Qin, Duo; He, Xinhua; Liu, Yimeng - 2010
currency coverage, whereas volatility in REER misalignment is likely to propagate to inflation of the home economy concerned …
Persistent link: https://www.econbiz.de/10003990427
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Real exchange rates and primary commodity prices : Mussa meets Backus-Smith
Ayres, Joao; Hevia, Constantino; Nicolini, Juan Pablo - 2021
We show that explicitly modeling primary commodities in an otherwise totally standard incomplete markets open economy model can go a long way in explaining the Mussa puzzle and the Backus-Smith puzzle, two of the main puzzles in the international economics literature.
Persistent link: https://www.econbiz.de/10014516603
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The causal effects of expected depreciations
Delgado, Martha Elena; Herreño, Juan; Hofstetter … - 2024
We estimate the causal effects of a shift in the future expected exchange rate of a local currency against the US dollar on a representative sample of firms in a small open economy. We survey a nationally representative sample of firms and provide the one-year-ahead nominal exchange rate...
Persistent link: https://www.econbiz.de/10015078550
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New facts on consumer price rigidity in the euro area
Gautier, Erwan; Conflitti, Cristina; Faber, Riemer P.; … - 2022
Persistent link: https://www.econbiz.de/10013269591
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Monetary policy regimes and inflation persistence in the United Kingdom
Zakipour-Saber, Shayan - 2019
This paper conducts a structural analysis of inflation persistence in the United Kingdom between 1965-2009. I allow for … and stochastic shock volatility. The first policy regime responds passively to movements in inflation, adjusting the … other regime responds actively to inflation and places less weight on exchange rate movements. This regime is present for …
Persistent link: https://www.econbiz.de/10012121979