Aron, Janine; Farrell, Greg; Muellbauer, John; … - C.E.P.R. Discussion Papers - 2010
responses. This paper examines exchange rate passthrough to the monthly import price index in South Africa during 1980-2009. A … exogenous exchange rate shocks. Equilibrium pass-through, ignoring feedback effects, is around 75 percent. Shifts in pass … exchange rate shocks in the period. Further, pass-through is found to decline with recent exchange rate volatility and there is …