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We examine exchange rate pass-through, or how domestic prices respond to exchange rate shocks, in the Czech Republic from 1998 to 2013 by employing vector autoregression models. Using the aggregate consumer price index and its sub-components, we find that the degree of passthrough is incomplete...
Persistent link: https://www.econbiz.de/10010529885
correction methodology, the paper found the exchange rate pass-through into Nigeria's CPI inflation to be incomplete. The long …
Persistent link: https://www.econbiz.de/10011460225
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 … have showed that the accumulated PT on inflation of import prices rises from 20% in the first month of the exchange rate …
Persistent link: https://www.econbiz.de/10011554700
HICP inflation seems to be largely driven by the goods component while ERPT to services prices is largely insignificant …
Persistent link: https://www.econbiz.de/10012604346
should be assessed precisely and taken into account in monetary policy decisions and inflation forecasting. …
Persistent link: https://www.econbiz.de/10011606105
This paper decomposes the time-varying effect of exogenous exchange rate shocks on euro area countries in ation into country-specific (idiosyncratic) and region-wide (common) components. To do so, we propose a exible empirical framework based on dynamic factor models subject to drifting...
Persistent link: https://www.econbiz.de/10012181317
. Our results suggest the existence of nonlinearities in Mexico only for the merchandise inflation measure, including the … over headline inflation is small. Our results are consistent with the consolidation of a low ERPT in Mexico. …
Persistent link: https://www.econbiz.de/10012167284
economies, we find that the main driver of consumer price inflation is the global demand shock. A negative global demand shock …
Persistent link: https://www.econbiz.de/10012176017
This paper examines the global drivers of inflation in 55 countries over the 1970-2022 period. We estimate a Factor … domestic shocks. We report three main results. First, global shocks have explained about 26 percent of inflation variation in a … typical economy. Oil price shocks accounted for only about 4 percent of inflation variation, but they had a statistically …
Persistent link: https://www.econbiz.de/10013488859
should be assessed precisely and taken into account in monetary policy decisions and inflation forecasting. …
Persistent link: https://www.econbiz.de/10011663291