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Is the degree of dollarization important to determine the pass-through between nominal exchange rate depreciation and inflation? The common view in the literature is that countries with higher dollarization exhibit higher pass-through coefficients. In our study we qualify this common view. Using...
Persistent link: https://www.econbiz.de/10014071241
In this paper we analyse in a mark-up framework the pass-through of commodity price and exchange rate shocks to the main components of producer and consumer prices. Thereby we link movements in prices at the different production stages as firms set their prices as a mark-up over production...
Persistent link: https://www.econbiz.de/10011605150
Persistent link: https://www.econbiz.de/10008735701
In this paper, the authors analyze the relationship between banking concentration and financial stability for a sample of 173 developed and developing countries over the period 1980–2011. First, they empirically examined the direct effect of banking concentration on financial stability by...
Persistent link: https://www.econbiz.de/10010506286
The aim of this paper is to apply recently developed panel cointegration techniques proposed by Pedroni (1999, 2004) and generalized by Banerjee and Carrion-i-Silvestre (2006) to examine the robustness of the PPP concept for a sample of 80 developed and developing countries. We find that strong...
Persistent link: https://www.econbiz.de/10013316947
In this paper, we analyze the relationship between corruption and inflation for a sample of 100 developing and developed countries representing five regions (the Americas, Europe, the Middle East and North Africa, Sub-Saharan Africa and Asia Pacific) over the period of 2000 to 2012. We perform...
Persistent link: https://www.econbiz.de/10014123632
Inflation can "grease" the wheels of the labor market by relaxing downward wage rigidity but it can also increase uncertainty and have a negative "sand" effect. This paper studies the grease effect of inflation by looking at whether the interaction between inflation and labor market regulations...
Persistent link: https://www.econbiz.de/10014079982
This paper examines the asymmetric impact of economic policy uncertainty (EPU) and oil price uncertainty (OPU) on inflation by using a Nonlinear ARDL (NARDL) model, which is compared to a benchmark linear ARDL one. Using monthly data from the 1990s until August 2022 for a number of developed and...
Persistent link: https://www.econbiz.de/10014260984
Persistent link: https://www.econbiz.de/10012939695
This paper analyses the effects of exchange rate uncertainty on the pricing behaviour of import firms in the euro area … important determinant of import prices. An increase in exchange rate uncertainty is associated with a fall in prices on average …, which suggests that the exchange rate risk is borne by the importers. The analysis utilizes a dataset on industrial import …
Persistent link: https://www.econbiz.de/10011962485