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Exchange Rate Pass-through in Russia
Ponomarev, Y.; Trunin, P.; A. Ulyukayev. - In: VOPROSY ECONOMIKI 3 (2014)
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
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Exchange Rate Pass-through in Russia
Ponomarev, Yuri; Trunin, Pavel; Uluykaev, Alexei - Gaidar Institute for Economic Policy - 2014
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
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Fluctuations in the Foreign Exchange Market: How Important are Monetary Policy Shocks?
Bouakez, Hafedh; Normandin, Michel - Centre Interuniversitaire sur le Risque, les Politiques … - 2008
We study the effects of U.S. monetary policy shocks on the bilateral exchange rate between the U.S. and each of the G7 countries. We also estimate deviations from uncovered interest rate parity and exchange rate pass-through conditional on these shocks. The analysis is based on a structural...
Persistent link: https://www.econbiz.de/10005015281
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Monetary approach to inflation: A medium-term structural model in a small open economy (the case of the Czech Republic in 1996-2004)
Arlt, Josef; Kodera, Jan; Mandel, Martin; Tomšík, … - In: Politická ekonomie 2006 (2006) 3
The paper analyses a relationship between monetary aggregate M2 and inflation in a small open economy. The relationship … between monetary expansion and inflation as well as a dynamic of income velocity of money framework in a small open economy … money and tradables inflation in the case of the Czech small open economy is not found. The conclusions presented in the …
Persistent link: https://www.econbiz.de/10005036707
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Exchange Rate Pass-Through to Domestic Prices under Different Exchange Rate Regimes
Mirdala, Rajmund - William Davidson Institute, University of Michigan - 2014
exchange rate pass-through to domestic prices in the European transition economies. We estimate VAR model to investigate (1 …
Persistent link: https://www.econbiz.de/10010744600
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Exchange Rate Pass-Through to Domestic Prices under Different Exchange Rate Regimes
Mirdala, Rajmund - Volkswirtschaftliche Fakultät, … - 2013
exchange rate pass-through to domestic prices in the European transition economies. We estimate VAR model to investigate (1 …
Persistent link: https://www.econbiz.de/10011110778
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Monetary Policy Transmission and Macroeconomic Dynamics in Luxembourg: Results from a VAR Analysis
Morhs, Romuald - Central Bank of Luxembourg - 2010
Luxembourg using a VAR model with quarterly data in levels from 1986 to 2009. The results of the structural analysis provide … VAR literature, a contractionary monetary policy shock leads to a temporary decrease in output and to a gradual decline in …
Persistent link: https://www.econbiz.de/10009276969
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The role of house prices in the monetary policy transmission mechanism in small open economies
Bjørnland, Hilde C.; Jacobsen, Dag Henning - Norges Bank - 2009
prices seem to enhance the negative response in output and consumer price inflation that has traditionally been found in the …
Persistent link: https://www.econbiz.de/10004992362
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Monetary policy and exchange rate interactions in a small open economy
Bjørnland, Hilde C. - Økonomisk institutt, Universitetet i Oslo - 2005
movements in the inflation-targeting period. Previous studies of the effects of monetary policy in open economies have typically … inflation fall gradually as expected; thereby also ruling out any price puzzle that has commonly been found in the literature …
Persistent link: https://www.econbiz.de/10005771240
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The role of house prices in the monetary policy transmission mechanism in the U.S.
Bjørnland, Hilde C.; Jacobsen, Dag Henning - Norges Bank - 2008
. The VAR is identified using a combination of short-run and long-run (neutrality) restrictions, allowing for a … enhances the negative response in output and consumer price inflation that has traditionally been found in the conventional …
Persistent link: https://www.econbiz.de/10005063090