Concerns about the magnitude and length of exchange rate pass-through to consumer prices have increased in many … prices in Nigeria for the period 1995Q1 - 2015Q1. Utilizing the Johansen approach to cointegration and a vector error … correction methodology, the paper found the exchange rate pass-through into Nigeria's CPI inflation to be incomplete. The long …

, which contains detailed information on firm domestic prices, marginal costs, and competitor prices. The rare features of … estimate of firms' price responses to changes in prices of their competitors. We develop a general framework and an empirical …, that these findings have important implications for shaping the response of domestic prices to international shocks. …

, which contains detailed information on firm domestic prices, marginal costs, and competitor prices. The rare features of … estimate of firms' price responses to changes in prices of their competitors. We develop a general framework and an empirical …, that these findings have important implications for shaping the response of domestic prices to international shocks. …

domestic product, the real exchange rate, fiscal and trade balances, and inflation to global demand, commodity price, monetary … especially to global demand fluctuations associated with declines in commodity prices. However, despite the similarities that …

probability of a decrease in firm-level costs, prices and profits. Exchange rate movements are passed through to import prices … prices as given. Exchange rate shocks are absorbed through a reduction in both costs and prices, however, these adjustments …, absorbed in firm selling prices and lead to adjustments in firm profits. The pattern is non-linear across firms with a varying …

probability of a decrease in firm-level costs, prices and profits. Exchange rate movements are passed through to import prices … prices as given. Exchange rate shocks are absorbed through a reduction in both costs and prices, however, these adjustments …, absorbed in firm selling prices and lead to adjustments in firm profits. The pattern is non-linear across firms with a varying …

anticipation of a future cost shock may only occur if prices are sufficiently flexible. We show analytically that this result holds … ; Optimal Monetary Policy ; Sticky Prices ; Welfare Analysis …

This paper examines the long-run effects of supply shocks (such as oil shocks) on inflation in the United States. The … persistence of supply shocks in U.S. inflation fell considerably during the period of Volcker's disinflation (1979-1982). My … the behavior of inflation expectations-agents expected shocks to persist in the pre-Volcker period, but not in the post …

An empirical analysis of the impact of labour market structures on the response of inflation to macroeconomic shocks is … presented. Results based on a 20 country panel show that if labour market coordination is high, the effect on inflation of … movements in unemployment, import prices, tax rates and productivity is dampened, both on impact and dynamically. In contrast …

model that global food prices influence aggregate prices and food prices in India. To further analyze these empirical … results, we specify a small open economy New-Keynesian model including oil and food prices and estimate it using observed data …