Showing 1 - 10 of 794
between monetary autonomy and inflation dynamics in a panel of Caribbean countries over the period 1980-2017. The empirical … results show that monetary independence is a significant factor in determining inflation, even after controlling for … monetary policy for domestic purposes independent of external monetary influences, leads to lower consumer price inflation …
Persistent link: https://www.econbiz.de/10012103732
, and wages following the lira’s exit from the ERM in the fall of 1992. The model tracks reasonably well the inflation … overprediction of price and wage inflation …
Persistent link: https://www.econbiz.de/10014398126
This paper investigates the exchange rate responses to inflation in Bangladesh during the period from 1972-73 to 1999 …. Both annual and monthly data are used in the investigation. The results suggest that past consumer price inflation … effective exchange rate. The effect of inflation on devaluation, however, became weaker following the financial reforms …
Persistent link: https://www.econbiz.de/10014399641
autoregression (VAR) models. Using a data set covering the period 1990-2005, we find that the exchange rate pass-through to inflation … should remain vigilant in assessing the potential impact of foreign prices on the dynamics of inflation in Tanzania. In this … regard, the authorities should seek to maintain low and stable inflation and continue the ongoing structural reforms designed …
Persistent link: https://www.econbiz.de/10014402031
This paper examines the factors underlying the stability of inflation observed following devaluations of the Spanish … completely offset by determinants of the cyclical position of the economy and the low inflation rate in 1993-94 should not be …
Persistent link: https://www.econbiz.de/10014395855
The purpose of this paper is to implement empirically the new theory of exchange rate targeting. The theory formulates an expectations induced relationship between the exchange rate and the fundamental subject to random shocks and target zone constraints. By using monthly data for a...
Persistent link: https://www.econbiz.de/10014396375
The effect of the exchange rate regime on inflation and growth is examined. The 30-year data set includes over 100 … countries and nine regime types. Pegged regimes are associated with lower inflation than intermediate or flexible regimes. This …
Persistent link: https://www.econbiz.de/10014396415
-market-exchange rate and the ratio of domestic to foreign money in Peru; that is, the hypothesis of currency substitution can explain the … behavior of real holdings of money in Peru. The paper also shows that, while the importance of currency substitution as a … transmission mechanism through which domestic policies affected the dynamics of inflation was relatively small during a period of …
Persistent link: https://www.econbiz.de/10014396169
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014395981
of foreign currency holdings in M2X on one side and movements in the exchange rate or inflation on the other is derived … depends mainly on long-term movements in the exchange rate, while the effect of inflation on currency substitution is not …
Persistent link: https://www.econbiz.de/10014397238