Showing 1 - 10 of 18,030
analyse the impulse response function and variance decomposition of the inflation variable. We show that the developing … economy of Ecuador is importing inflation from its main trading partners, most of them emerging countries with appreciated … inflation. We believe such an analysis could be extended to other countries with pegged exchange rate regimes. …
Persistent link: https://www.econbiz.de/10010575992
NEER causes a decline in the CPI inflation rate of 0.132% and PPI inflation rate of 0.495%. The VAR model supports the … influence on CPI pass through, combined with the fact that appreciation diminishes inflation, suggests that the Chinese …
Persistent link: https://www.econbiz.de/10010550464
This paper provides an empirical study of the asymmetrical spillovers of the euro-US dollar exchange rate on inflation … the only key factor, in determining the asymmetry in inflation between core and periphery. The nominal effective exchange … rate instead is a very important driver for the inflation only considering the whole euro zone. Therefore, the EMU seems to …
Persistent link: https://www.econbiz.de/10011108149
This paper examines the presence of nonlinear mechanisms in the exchange rate pass-through (ERPT) to CPI inflation for … three macroeconomic factors, namely inflation rate, exchange rate fluctuations and business cycle. Our results reveals that … exchange rate transmission is higher when inflation rate surpass some threshold. We give a supportive evidence to the Taylor …
Persistent link: https://www.econbiz.de/10011258090
unstable external and internal values. The most evident one is the reduction of a long-term inflation rate. The objective of … regions and of different development levels. The results suggest that the monetary integration influences the inflation …
Persistent link: https://www.econbiz.de/10011114230
inflation in the euro zone, dividing the sample in two groups of countries: core and periphery. Then we test if the euro … inflation dynamics. Using a dynamic panel data framework based on an exchange rate pass-through model, we estimate the … factor, in determining the asymmetry in HICP inflation between core and periphery. The nominal effective exchange rate …
Persistent link: https://www.econbiz.de/10011206970
L’évolution du taux de change peut être un indicateur de déséquilibres macroéconomiques. L’estimation du taux de change d’équilibre reste toutefois un exercice difficile et plusieurs approches sont proposées par la littérature. L’application de ces méthodes aux pays de la zone...
Persistent link: https://www.econbiz.de/10010816104
This paper estimates the magnitude of the exchange rate pass-through to consumer prices in Mexico. Moreover, it analyzes if the pass-through dynamics have changed in recent years. In particular, it uses a methodology that generates results consistent with the hierarchy implicit in the CPI. The...
Persistent link: https://www.econbiz.de/10010784782
In The article provides estimates of short-run and medium-run exchange rate pass-through into domestic prices in Russia during the period of 2000–2012 using vector error correction model. Exchange rate pass-through asymmetry estimates, its assessments on different sub-periods and exchange rate...
Persistent link: https://www.econbiz.de/10010787836
This paper estimates the magnitude of the exchange rate pass-through to consumer prices in Mexico. Moreover, it analyzes if the pass-through dynamics have changed in recent years. In particular, it uses a methodology that generates results consistent with the hierarchy implicit in the cpi. The...
Persistent link: https://www.econbiz.de/10010883914