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three dominant policy strategies of money targeting, exchange rate targeting and inflation targeting. Several of the lessons …
Persistent link: https://www.econbiz.de/10010854332
The article provides estimates of short-run and medium-run exchange rate pass-through in Russia during the period of 2000—2012 using vector error correction model. Estimates of asymmetry of exchange rate pass-through, its assessments in different sub-periods and exchange rate volatility effect...
Persistent link: https://www.econbiz.de/10011007725
We examine exchange rate pass-through, or how domestic prices respond to exchange rate shocks, in the Czech Republic from 1998 to 2013 by employing vector autoregression models. Using the aggregate consumer price index and its sub-components, we find that the degree of passthrough is incomplete...
Persistent link: https://www.econbiz.de/10011275218
three dominant policy strategies of money targeting, exchange rate targeting and inflation targeting. Several of the lessons …
Persistent link: https://www.econbiz.de/10010753924
reduce inflation and limit the real appreciation of the rouble. Given the strength of Russia’s balance of payments during the … interventions which were only partially sterilised. As a result, inflation remained persistently high. During the global financial … greater exchange rate flexibility should be permitted since (i) commodity exporting countries can successfully run inflation …
Persistent link: https://www.econbiz.de/10008498033
This paper compares exchange rate targets with price stabilization targets in a small open economy under perfect and imperfect cridibility. Under nominal exchange rate targeting, output is affected by both demand shocks, supply schocks, and foreign exchange shocks.
Persistent link: https://www.econbiz.de/10005652234
rate movements start to influence the price inflation in China in a significant way. This paper estimates a structural …
Persistent link: https://www.econbiz.de/10010738000
In The article provides estimates of short-run and medium-run exchange rate pass-through into domestic prices in Russia during the period of 2000–2012 using vector error correction model. Exchange rate pass-through asymmetry estimates, its assessments on different sub-periods and exchange rate...
Persistent link: https://www.econbiz.de/10010787836
literature does not come to a consensus about the degree of pass-through to Czech inflation. Since there is no unique approach …
Persistent link: https://www.econbiz.de/10005635438
inflation and unemployment, fiscal balance, zloty real revaluation, capacity restructuring, private sector growth and …
Persistent link: https://www.econbiz.de/10005475020