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. …

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 …

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 …

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 …

Time-varying exchange rate pass-through effects to domestic prices under fixed euro exchange rate perspective represent … domestic prices reveals its role as the external price shocks absorber especially in the situation when the leading path of … exchange rates is less vulnerable to the changes in the foreign prices. Adjustments in domestic prices followed by exchange …

aggregate inflation and the higher-order moments of the distribution of relative price changes. Our empirical findings confirm … explanatory variable for the inflation rate. Further, the skewness measure also helps to explain shifts in the Phillips curve …

A major challenge for monetary policy has been predicting how exchange rate movements will impact inflation. We propose … fluctuations "pass through" into import and consumer prices. We show that in a standard open-economy model the relationship between … exchange rates and prices depends on the shocks which cause the exchange rate to move. Then we develop an SVAR framework for a …

, inflation and unemployment, we detect a wrong sign in the response of inflation to contractionary monetary policy shocks … 1999-2019, when the Federal Funds Rate and the Euro-Dollar exchange rate are added to the VAR model inflation shows … significant unemployment inflation trade-off emerges. These conclusions are confirmed by using industrial production instead of …