/depreciations and inflation by estimating nonlinear time series models. Motivated by theoretical and empirical results in the literature …-through regimes depending upon the magnitude of appreciations of a currency and inflation rates both in the short-run and in the long …-run. Results also reveal threshold effects and asymmetry in the pass-through relationship over appreciations/depreciations as well …

-food exports as well. To address this question, I apply a partial sum decomposition approach and the NARDL framework of Shin et al …

public investment crowds in private investment in the long and short run. The NARDL results indicate that the negative shock …

This paper examines the presence of asymmetric behavior in exchange rate pass-through (ERPT) to CPI inflation in 12 … euro area (EA) countries. Using a class of nonlinear smooth transition models, we test for asymmetry with respect to the … direction of asymmetry. On the other hand, we report strong evidence that ERPT responds asymmetrically to the size of exchange …

This paper examines the presence of asymmetric behavior in exchange rate pass-through (ERPT) to CPI inflation in 12 … euro area (EA) countries. Using a class of nonlinear smooth transition models, the author tests for asymmetry with respect … with no clear evidence about the direction of asymmetry. On the other hand, the author reports strong evidence that ERPT …

Determining the exchange rate pass-through on inflation is a necessity for central banks as well as for firms and … short and long-term impact of an exchange rate shock on inflation along the distribution chain in the presence of … endogeneity, nonlinearity and asymmetry. The econometric model is a smooth transition autoregressive vector estimated by Bayesian …

inflation by using a Nonlinear ARDL (NARDL) model, which is compared to a benchmark linear ARDL one. Using monthly data from the … and OPU shocks are larger when allowing for asymmetries in the context of the NARDL framework. Further, EPU shocks …, especially negative ones, have a stronger impact on inflation than OPU ones and capture some of the monetary policy uncertainty …