This paper studies monetary policy rules in a small open economy with Inflation Targeting, incomplete pass-through and …

should be assessed precisely and taken into account in monetary policy decisions and inflation forecasting. …

Does the South African rand's relatively large volatility affect inflation? To shed some light on this question, a … standard estimation technique of exchange rate pass-through to inflation is extended to incorporate exchange rate volatility …. Estimated results suggest that higher exchange rate volatility tends to increase core inflation but to a relatively limited …

. Previous literature has highlighted the role of an economy's "structure" - such as its inflation volatility, inflation rate …, forecasts predicting how a given exchange rate movement will impact inflation at a specific point in time should take into …

Eurozone analysiert. Die Unsicherheit wird über die Volatilität der Strukturschocks auf den Wechselkurs in einem nichtlinearen …

that the oil price passes through core inflation only via its effect on the whole economy. This pass-through is estimated …

The pass-through from exchange rate changes to inflation differs depending on the underlying shock. This paper …