Series: IMF Working Papers
Author(s): Dong Frank Wu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 09 March 2017
Keywords: Sub-Saharan Africa, Malawi, Foreign exchange, Inflation, Exchange Rate, Pass-through, Regime Switch, Monetary Policy (Targets, Instruments, and Effects)
This paper focuses on the role of the pass-through of the exchange rate and policydeterminants in driving inflation. Using linear and nonlinear frameworks, the paper finds: (i) after the switch to a floating exchan...