Series: IMF Working Papers
Author(s): Ken Miyajima
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 13 December 2019
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...