Showing 31 - 40 of 74,963
This paper uses the impulse response from an estimated structural autoregressive model of the inflation process to … elasticity of inflation to exchange rate changes is about 0.02, and it takes about eight quarters to reach its full-impact of … variance decomposition analysis suggests that money supply has contributed more to Nigeria's inflation process relative to the …
Persistent link: https://www.econbiz.de/10013020686
experiment of the past decade, stemming from a belief of the government that higher interest rates cause higher inflation … eventually a negative coefficient on inflation in the policy rule. In such an environment, was the exchange rate still a random … walk? Was inflation anchored? Does the "standard model" suffice to explain the broad contours of macroeconomic outcomes in …
Persistent link: https://www.econbiz.de/10013201664
This paper presents a preliminary simultaneous equation model capable of explaining New Zealand's post-war inflation … both tightly administered and effective. It is therefore reasonable to assume that New Zealand's rate of inflation and … monetary policy are somewhat independent of world inflation rates. Six dependent variables have been incorporated for this …
Persistent link: https://www.econbiz.de/10013148795
This paper examines the presence of asymmetric behavior in exchange rate pass-through (ERPT) to CPI inflation in 12 …-through ; inflation ; smooth transition regression models ; euro area …
Persistent link: https://www.econbiz.de/10009632682
This study was initiated with the intention of examining the impact of exchange rate and inflation on the performance … dependent variables, while inflation and exchange rate as the independent variables in the two model equations. In a bid to … address the objectives of the study, the Auto Regressive Distributed Lag model was used. The findings indicate that inflation …
Persistent link: https://www.econbiz.de/10013321863
This paper considers the effect of exchange rate (ER) level on China’s domestic prices during the period of 2003–2012. We examine China’s consumer price index (CPI), import price index (IPI) and producer price index (PPI) by using time series vector error correction analysis. The main...
Persistent link: https://www.econbiz.de/10011598073
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
This paper analyzes the exchange rate pass through to consumer prices in Mexico using different methodologies. First, we estimate Vector Autoregressive Models (VAR). Subsequently, we estimate Autoregressive Distributed Lags Models (ARDL) in order to make a long run analysis. In particular, we...
Persistent link: https://www.econbiz.de/10012166342
In this paper, we analyze the presence of time variation in the pass-through from the nominal effective exchange rate to import prices for 24 advanced economies over the period 1995-2015. In line with earlier studies in the literature, we find substantial heterogeneity in the level of exchange...
Persistent link: https://www.econbiz.de/10011747729
This paper estimates the magnitude of the exchange rate pass-through to consumer prices in Mexico. Moreover, it analyzes if the pass-through dynamics have changed in recent years. In particular, it uses a methodology that generates results consistent with the hierarchy implicit in the cpi. The...
Persistent link: https://www.econbiz.de/10010883914