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Exchange Rate Pass-Through in the Caucasus and Central Asia

Exchange Rate Pass-Through in the Caucasus and Central Asia »

Source: Exchange Rate Pass-Through in the Caucasus and Central Asia

Volume/Issue: 2020/154

Series: IMF Working Papers

Author(s): Tigran Poghosyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 August 2020

ISBN: 9781513552958

Keywords: exchange rate pass-through, inflation, exchange rate regime, local projections

This paper estimates the extent and speed of exchange rate pass-through (ERPT) in seven Caucasus and Central Asia (CCA) countries using monthly data over the January 1995-May 2020 period. The estimations are perfor...

Pass-Through of Imported Input Prices to Domestic Producer Prices

Pass-Through of Imported Input Prices to Domestic Producer Prices »

Source: Pass-Through of Imported Input Prices to Domestic Producer Prices

Volume/Issue: 2016/23

Series: IMF Working Papers

Author(s): JaeBin Ahn , Chang-Gui Park , and Chanho Park

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2016

ISBN: 9781475522280

Keywords: exchange rate pass-through, imported input cost pass-through, inflation, price, prices, price index, producer price, General,

Motivated by stylized facts pointing to a dominant role of imported inputs in transmitting external price shocks to domestic prices, this paper zooms in to study the pass-through of imported input costs to domestic...

Exchange Rate Movements and Tradable Goods Prices in East Asia

Exchange Rate Movements and Tradable Goods Prices in East Asia »

Source: Exchange Rate Movements and Tradable Goods Prices in East Asia : An Analysis Based on Japanese Customs Data, 1988-98

Volume/Issue: 1999/31

Series: IMF Working Papers

Author(s): Yushi Yoshida , and Shinji Takagi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1999

ISBN: 9781451845006

Keywords: Exchange rate, tradable goods, pass-through, exporters, export prices, export pricing, exchange rates

The paper uses a dynamic panel data model to estimate the pass-through coefficients of 20 nine-digit industrial commodities that are traded between Japan and its East Asian trading partners to investigate the respo...

Exchange Rate Pass-Through to Domestic Prices

Exchange Rate Pass-Through to Domestic Prices »

Source: Exchange Rate Pass-Through to Domestic Prices : Does the Inflationary Environment Matter?

Volume/Issue: 2001/194

Series: IMF Working Papers

Author(s): Dalia Hakura , and Ehsan Choudhri

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2001

ISBN: 9781451859867

Keywords: Pass-through, exchange rate, inflation rate, average inflation, average inflation rate, Open Economy Macroeconomics,

The paper tests a hypothesis suggested by Taylor (2000) that a low inflationary environment leads to a low exchange rate pass-through to domestic prices. To test this hypothesis, the paper derives a pass-through re...

Pass-Through of External Shocks to Inflation in Sri Lanka

Pass-Through of External Shocks to Inflation in Sri Lanka »

Source: Pass-Through of External Shocks to Inflation in Sri Lanka

Volume/Issue: 2008/78

Series: IMF Working Papers

Author(s): Nombulelo Duma

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2008

ISBN: 9781451869392

Keywords: pass-through, exchange rate, monetary policy, price inflation, monetary fund, increase in inflation,

This paper investigates pass-through of external shocks (exchange rate, oil price, and import price shocks) to inflation in Sri Lanka. The analysis is based on a vector autoregression (VAR) model that incorporates...

Exchange Rate Volatility and Pass-Through to Inflation in South Africa

Exchange Rate Volatility and Pass-Through to Inflation in South Africa »

Source: Exchange Rate Volatility and Pass-Through to Inflation in South Africa

Volume/Issue: 2019/277

Series: IMF Working Papers

Author(s): Ken Miyajima

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 2019

ISBN: 9781513521572

Keywords: Unit labor cost, Exchange rate policy, Exchange rate pass-through, Exchange policy, Exchange rate shocks, exchange rate volatility, inflation, WP, core inflation, volatility

Does the South African rand's relatively large volatility affect inflation? To shed some light on this question, a standard estimation technique of exchange rate pass-through to inflation is extended to incorporate...

Monetary Policy Transmission in the GCC Countries

Monetary Policy Transmission in the GCC Countries »

Source: Monetary Policy Transmission in the GCC Countries

Volume/Issue: 2012/132

Series: IMF Working Papers

Author(s): Ananthakrishnan Prasad , and Raphael Espinoza

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2012

ISBN: 9781475503685

Keywords: Transmission mechanism, Fixed exchange rate regime, interest rate pass-through, panel VAR, inflation, central bank, monetary fund, monetary shocks,

The GCC countries maintain a policy of open capital accounts and a pegged (or nearly-pegged) exchange rate, thereby reducing their freedom to run an independent monetary policy. This paper shows, however, that the...

Non-Linear Exchange Rate Pass-Through in Emerging Markets

Non-Linear Exchange Rate Pass-Through in Emerging Markets »

Source: Non-Linear Exchange Rate Pass-Through in Emerging Markets

Volume/Issue: 2016/1

Series: IMF Working Papers

Author(s): Francesca Caselli , and Agustin Roitman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 January 2016

ISBN: 9781513578262

Keywords: Non-Linearities, exchange rate, depreciation, inflation targeting, exchange rate movements, Models with Panel Data, General, All Countries,, Exchange rate pass-through, Foreign exchange

This paper estimates exchange rate pass-through to consumer prices in emerging markets focusing on non-linearities and asymmetries. We document non-linearities and asymmetries in the transmission of exchange rate f...

Global Value Chains and External Adjustment: Do Exchange Rates Still Matter?*

Global Value Chains and External Adjustment: Do Exchange Rates Still Matter?* »

Source: Global Value Chains and External Adjustment: Do Exchange Rates Still Matter?

Volume/Issue: 2019/300

Series: IMF Working Papers

Author(s): Gustavo Adler , Sergii Meleshchuk , and Carolina Osorio Buitron

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2019

ISBN: 9781513521985

Keywords: Exchange rate shocks, Exchange rate policy, Exchange rate pass-through, Flexible exchange rates, Exchange rate adjustments, inflation targeting, foreign exchange intervention, exchange rate, WP, intermediate input

The paper explores how international integration through global value chains shapes the working of exchange rates to induce external adjustment both in the short and medium run. The analysis indicates that greater...

Quality, Trade, and Exchange Rate Pass-Through

Quality, Trade, and Exchange Rate Pass-Through »

Source: Quality, Trade, and Exchange Rate Pass-Through

Volume/Issue: 2014/42

Series: IMF Working Papers

Author(s): Natalie Chen , and Luciana Juvenal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 March 2014

ISBN: 9781475526394

Keywords: Exchage rate pass-through, pricing-to-market, quality, unit values, firms, exchange rate, real exchange rate, exchange rate pass, exchange rate changes, Models of Trade with Imperfect Competition and Scale Economies

This paper investigates theoretically and empirically the heterogeneous response of exporters to real exchange rate fluctuations due to product quality. Our model shows that the elasticity of demand perceived by ex...