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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
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
explain the observed exchange rate and inflation variability as well as the fact that the regression and VAR estimates tend to …
Persistent link: https://www.econbiz.de/10013098580
The interaction between the exchange rate regime, trade firms' price-setting behavior, and exchange rate pass-through (ERPT) is an important topic in international economics. This paper studies this using a goods-level dataset of US-China trade prices collected by the US Bureau of Labor...
Persistent link: https://www.econbiz.de/10013034804
-indices. Producer prices react significantlyto exchange rate shocks as well. In contrast, consumer price inflation for services and for …
Persistent link: https://www.econbiz.de/10009545250
is a potentially important source of inflation in Ghana. Using variance decomposition analyses, it is found that monetary … policy implication of these findings is that policies that aim at lowering inflation must focus on monetary and exchange rate …
Persistent link: https://www.econbiz.de/10013132640
We study the pass-through of exchange rate changes to consumer prices for the euro area by estimating vector error correction models for Germany, France, Italy, the Netherlands and Spain. Using the weights of the Harmonized Index of Consumer Prices (HICP) we compute a weighted average of the...
Persistent link: https://www.econbiz.de/10014119031
de Mexico. -- Exchange rate pass-through ; import price ; consumer price ; distribution chain ; inflation. …This paper analyzes the pass-through of exchange rate to different price indexes in Mexico. The analysis is based on a … have decreased substantially from 2001 onwards, which coincides with the adoption of an inflation targeting regime by Banco …
Persistent link: https://www.econbiz.de/10009380263
formal adoption of inflation targeting in Mexico), the exchange rate pass-through to consumer prices is quite small and fast … adoption of inflation targeting policy. In particular, this research work analyzes how a change in the nominal exchange rate … rate depreciation shocks in explaining inflation fluctuations. Our results show that, for the period of analysis (after the …
Persistent link: https://www.econbiz.de/10013029368
The pass-through from exchange rate changes to inflation differs depending on the underlying shock. This paper …
Persistent link: https://www.econbiz.de/10012909711