We show that exchange rate pass-through to consumer prices varies not only across countries, but also over time. Previous literature has highlighted the role of an economy's "structure" - such as its inflation volatility, inflation rate, use of foreign currency invoicing, and openness - in...

An attempt is made in this paper to query the existence or otherwise of a J-Curve in four West African Monetary Zone (WAMZ) countries: namely The Gambia, Ghana, Nigeria and Sierra Leone. We use data from 1980Q1 to 2007Q4 and a bounds testing approach, with an autoregressive distributed lag...