Exchange Rate Pass-Through and Inflation Dynamics in Tunisia: A Markov-Switching Approach
نویسندگان
چکیده
منابع مشابه
Markov-switching analysis of exchange rate pass-through: Sugar Price in Iran
Due to its inherent role in ensuring food security and as one of the productive sectors of the economy, the agricultural sector has a priority in receiving preferential currency. Having a preferred currency has caused the price of this commodity in the market to be multi-valued. On the other hand, the allocation of billions of dollars at a price lower than the free market price of foreign excha...
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T he investigation of exchange rate pass-through is an important issue in international finance. The relationship between exchange rate pass-through and exchange rate arrangements such as the dollarization regime has been examined in recent decades. For this purpose, the main objective of this study is to investigate the effect of exchange rate pass-through on the domestic inflation in selecte...
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Recent work by Devereux, Engel, and Storgaard (2004, JIE, pp. 286), suggests that one of the key channels through which monetary policy may work is by changing the degree of pass-through. Inspired by this observation, we develop a unified estimation framework within a fully specified open macroeconomic model where both pass-through and exchange rates are endogenously determined so as to empiric...
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ژورنال
عنوان ژورنال: Economics
سال: 2013
ISSN: 1864-6042
DOI: 10.5018/economics-ejournal.ja.2013-43