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