An Empirical Analysis of Exchange Rate Pass-through to Prices in South Africa (2002-2015) - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook An Empirical Analysis of Exchange Rate Pass-through to Prices in South Africa (2002-2015) write by Harris Maduku. This book was released on 2017. An Empirical Analysis of Exchange Rate Pass-through to Prices in South Africa (2002-2015) available in PDF, EPUB and Kindle.
Exchange Rate Pass-through to Consumer Prices in South Africa
Exchange Rate Pass-through to Consumer Prices in South Africa - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Exchange Rate Pass-through to Consumer Prices in South Africa write by Janine Aron. This book was released on 2013. Exchange Rate Pass-through to Consumer Prices in South Africa available in PDF, EPUB and Kindle. A sizeable literature examines exchange rate pass-through to disaggregated import prices but very few micro-studies focus on consumer prices. This paper explores exchange rate pass-through to consumer prices in South Africa during 2002-2007, using a unique data set of highly disaggregated data at the product and outlet level. The paper adopts an empirical approach that allows pass-through to be calculated over various horizons, including controls for domestic and foreign costs. It studies how pass-through differs across types of consumption goods and services and draws some aggregate implications about pass-through, using actual weights from the CPI basket. The heterogeneity of pass-through for different food sub-components and the role of switches between import and export parity pricing of maize is investigated and found significant for five out of ten food sub-components. Overall pass-through to the almost 63 percent of the CPI covered is estimated at about 30 percent after two years, but is higher for food.
An Empirical Investigation of Exchange Rate Pass-Through in South Africa
An Empirical Investigation of Exchange Rate Pass-Through in South Africa - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook An Empirical Investigation of Exchange Rate Pass-Through in South Africa write by Mr.Ashok Bhundia. This book was released on 2002-09-01. An Empirical Investigation of Exchange Rate Pass-Through in South Africa available in PDF, EPUB and Kindle. This paper analyzes the degree to which fluctuations in the nominal exchange rate passthrough to consumer prices in South Africa. While the average pass-through is found to be low, evidence from a structural vector autoregression suggests it is much higher for nominal (versus real) shocks. Historical decompositions suggest that the nominal exchange rate depreciation up to November 2001 is attributable primarily to negative real shocks, which explains why CPIX (consumer price index excluding interest on mortgate bonds) inflation did not increase significantly until December 2001, when positive nominal shocks began to contribute to the depreciation.
An Emperical Evaluation of Exchange Rate Pass-through in South Africa on Import and Consumer Prices
An Emperical Evaluation of Exchange Rate Pass-through in South Africa on Import and Consumer Prices - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook An Emperical Evaluation of Exchange Rate Pass-through in South Africa on Import and Consumer Prices write by Dzingai Francis Chapfuwa. This book was released on 2012. An Emperical Evaluation of Exchange Rate Pass-through in South Africa on Import and Consumer Prices available in PDF, EPUB and Kindle. The research report analyse the impact of exchange rate volatility on inflation. The research report conducts an analysis to reveal the extent to which changes in exchange rates result in changes in South African domestic inflation. It examines the magnitude and speed of exchange rate pass-through to import and consumer prices in South Africa. The research report further explores whether the direction and size of changes in exchange rate have different pass-through effects on import prices and finally on the consumer prices, that is whether the exchange rate pass-through is symmetric or asymmetric. Thus it analyses whether exchange rate pass-through is higher in periods of rand depreciation than appreciation. The research report also explores whether there is a positive relationship between the degree of exchange rate pass-through and inflation in line with Taylor's hypothesis. Exchange rate pass-through is found to be higher on import than consumer prices. Exchange rate pass-through is also found to be incomplete and the direction of exchange rate movement matters in South Africa, thus exchange rate pass-through is found to be higher in periods of rand depreciation than appreciation which supports the binding quantity constraint theory. A Vector Auto Regression model is used to analyse the data. The data for all the variables were obtained from the South African Reserve Bank, unless otherwise stated. The data covered the period 1994 to 2011 (quarterly)
Inflation Dynamics in South Africa
Inflation Dynamics in South Africa - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Inflation Dynamics in South Africa write by Eliphas Ndou. This book was released on 2017-03-02. Inflation Dynamics in South Africa available in PDF, EPUB and Kindle. This book offers a comprehensive empirical analysis of South African inflation dynamics, using a variety of techniques including counterfactual analysis. The authors elaborate the roles in inflation of thresholds, nonlinearities and asymmetries introduced by economic conditions such as the size of exchange rate changes and volatility, GDP growth, inflation, output gap, credit growth, sovereign spreads and fiscal policy, providing new policy evidence on the impact of these. Ndou and Gumata apply techniques to determine the prevalence of updating inflation expectations, and reconsider the propagation effects of a number of inflation risk factors. Asking to what extent the evidence points to a need to enforce price stability and the anchoring of inflation expectation, the book fills existing gaps in South African Policy, and maintains a clear argument that price stability is consistent with the 3 to 6 per cent inflation target range, and that threshold application should form an important aspect of policy analysis in periods of macroeconomic uncertainty. As such, the book serves as an excellent reference text for academic and policy discussions alike.
