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inflation flags its importance in Malawi's monetary framework although the monetary transmission mechanism needs further …This paper focuses on the role of the pass-through of the exchange rate and policydeterminants in driving inflation …, nonfood prices not only directly influence headline inflation, but also have an significant impact on food inflation via …
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This paper analyses the optimal monetary policy under incomplete exchange rate pass-through and asymmetric price rigidity. In a general equilibrium sticky price model of an open economy we find that the optimal interest rate rule is to respond to all types of shocks in an economy: real exchange...
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inflation targeting regimes. This paper finds that the interest-rate transmission mechanism, or the pass-through of the policy …
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cent over a two-year horizon. Both cyclical (subdued demand) and structural (decline in level of inflation) factors have …
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We examine exchange rate pass-through, or how domestic prices respond to exchange rate shocks, in the Czech Republic from 1998 to 2013 by employing vector autoregression models. Using the aggregate consumer price index and its sub-components, we find that the degree of passthrough is incomplete...
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