This paper studies monetary policy rules in a small open economy with Inflation Targeting, incomplete pass-through and …

correction methodology, the paper found the exchange rate pass-through into Nigeria's CPI inflation to be incomplete. The long …

Does the South African rand's relatively large volatility affect inflation? To shed some light on this question, a … standard estimation technique of exchange rate pass-through to inflation is extended to incorporate exchange rate volatility …. Estimated results suggest that higher exchange rate volatility tends to increase core inflation but to a relatively limited …

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 …

HICP inflation seems to be largely driven by the goods component while ERPT to services prices is largely insignificant …

. There is strong evidence of a positive and significant association between the pass-through and the average inflation rate … across countries and periods. The inflation rate, moreover, dominates other macroeconomic variables in explaining cross …

should be assessed precisely and taken into account in monetary policy decisions and inflation forecasting. …