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This paper investigates whether exchange rate pass-through (ERPT) into import prices is a nonlinear phenomenon for five heavily indebted Euro area countries, namely the so-called GIIPS group (Greece, Ireland, Italy, Portugal, and Spain). Using logistic smooth transition models, we explore the...
Persistent link: https://www.econbiz.de/10011401735
Seit Ausbruch der Finanzkrise im Herbst 2007 ist der Wert des Franken handelsgewichtet in nominaler Rechnung um ein Drittel gestiegen. Dennoch bleiben im Frankenraum die Importpreise in heimischer Währung relativ konstant. Im Rahmen der vorliegenden Untersuchung werden für den Zeitraum 1974...
Persistent link: https://www.econbiz.de/10010281962
's [Taylor, J., (2000). Low Inflation, Pass-through, and the Pricing Power of Firms, European Economic Review 44 (7), 1389 …–1408] suggestion that the degree of pass-through is dependent on the importing country inflation regime. Extending the standard mark … inflation experience, we present strong empirical evidence for the inflation regime dependence of pass-through elasticities for …
Persistent link: https://www.econbiz.de/10010943002
This paper empirically examines whether there are asymmetric effects of the exchange rate on domestic corporate goods prices when the exchange rate is more volatile. To identify different volatilities in the exchange rate, we employ a threshold regression model. In other words, we define...
Persistent link: https://www.econbiz.de/10010666164
have decreased substantially from 2001 onwards, which coincides with the adoption of an inflation targeting regime by Banco …
Persistent link: https://www.econbiz.de/10010322617
This paper sheds new light on the role of inflation regime in explaining the extent of exchange rate pass-through (ERPT …) into import prices. In order to classify his sample of 24 developing countries by regimes of inflation, Barhoumi [(2006 …”, Economic Modeling, 23 (6), 926-951.] chose an arbitrary threshold of 10% to split sample between high and low inflation regimes …
Persistent link: https://www.econbiz.de/10011346361
allows us to evaluate the anchoring of inflation expectations in the Mexican economy. To address this issue, in this paper we …
Persistent link: https://www.econbiz.de/10011523612
This paper studies monetary policy rules in a small open economy with Inflation Targeting, incomplete pass-through and …
Persistent link: https://www.econbiz.de/10011523924
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
" to inflation, an effect that is known as exchange rate pass-through (ERPT). In particular, if an exchange rate … relatively lower ERPT in the past two decades, the exchange rate continues to be a large determinant of inflation in several …
Persistent link: https://www.econbiz.de/10011521215