An Empirical Assessment of the Exchange Rate Pass-through in Mozambique - 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 Assessment of the Exchange Rate Pass-through in Mozambique write by International Monetary Fund. This book was released on 2021-05-06. An Empirical Assessment of the Exchange Rate Pass-through in Mozambique available in PDF, EPUB and Kindle. Determining the magnitude and speed of the exchange rate passthrough (ERPT) to inflation has been of paramount importance for policy-makers in developed and emerging economies. This paper estimates the exchange rate passthrough in Mozambique using econometric techniques on a sample spanning from 2001 to 2019. Results suggest that the ERPT is assymetric, sizable and fast, with 50 percent of the exchange rate variations passing through to prices in less than six months. Policy-makers should continue to pursue low and stable inflation and develop a strong track record of prudent macroeconomic policies for the ERPT to decline.
An Empirical Analysis of Exchange Rate Pass-through to Prices in South Africa (2002-2015)
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.
Empirical Analysis of Exchange Rate Pass-through in the Context of China
Empirical Analysis of Exchange Rate Pass-through in the Context of China - 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 Empirical Analysis of Exchange Rate Pass-through in the Context of China write by TatNing Chan. This book was released on 2011. Empirical Analysis of Exchange Rate Pass-through in the Context of China available in PDF, EPUB and Kindle.
The Distributional Implications of the Impact of Fuel Price Increases on Inflation
The Distributional Implications of the Impact of Fuel Price Increases on Inflation - 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 The Distributional Implications of the Impact of Fuel Price Increases on Inflation write by Mr. Kangni R Kpodar. This book was released on 2021-11-12. The Distributional Implications of the Impact of Fuel Price Increases on Inflation available in PDF, EPUB and Kindle. This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
Inflation in Emerging and Developing Economies
Inflation in Emerging and Developing Economies - 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 in Emerging and Developing Economies write by Jongrim Ha. This book was released on 2019-02-24. Inflation in Emerging and Developing Economies available in PDF, EPUB and Kindle. This is the first comprehensive study in the context of EMDEs that covers, in one consistent framework, the evolution and global and domestic drivers of inflation, the role of expectations, exchange rate pass-through and policy implications. In addition, the report analyzes inflation and monetary policy related challenges in LICs. The report documents three major findings: In First, EMDE disinflation over the past four decades was to a significant degree a result of favorable external developments, pointing to the risk of rising EMDE inflation if global inflation were to increase. In particular, the decline in EMDE inflation has been supported by broad-based global disinflation amid rapid international trade and financial integration and the disruption caused by the global financial crisis. While domestic factors continue to be the main drivers of short-term movements in EMDE inflation, the role of global factors has risen by one-half between the 1970s and the 2000s. On average, global shocks, especially oil price swings and global demand shocks have accounted for more than one-quarter of domestic inflation variatio--and more in countries with stronger global linkages and greater reliance on commodity imports. In LICs, global food and energy price shocks accounted for another 12 percent of core inflation variatio--half more than in advanced economies and one-fifth more than in non-LIC EMDEs. Second, inflation expectations continue to be less well-anchored in EMDEs than in advanced economies, although a move to inflation targeting and better fiscal frameworks has helped strengthen monetary policy credibility. Lower monetary policy credibility and exchange rate flexibility have also been associated with higher pass-through of exchange rate shocks into domestic inflation in the event of global shocks, which have accounted for half of EMDE exchange rate variation. Third, in part because of poorly anchored inflation expectations, the transmission of global commodity price shocks to domestic LIC inflation (combined with unintended consequences of other government policies) can have material implications for poverty: the global food price spikes in 2010-11 tipped roughly 8 million people into poverty.
