Exchange Rate Pass-Through In Turkey: ARDL Bounds Testing Approach
نویسندگان
چکیده
منابع مشابه
Exchange rate pass-through in Iran: Exchange rate effects on the consumer price index
The purpose of this study is to find an accurate estimate of the exchange rate-CPI relationship in Iran over the past three decades. The results of the Granger causality test in the frequency domain demonstrate a strong causation from the exchange rate to CPI especially in the long run. The results of the wavelet analysis show that in the currency crisis periods, the exchange rate-CPI correlati...
متن کاملExchange Rate Pass-Through into China’s Import Prices: An Empirical Analysis Based on ARDL Model
This study analyzes the exchange rate pass-through into China aggregate import prices and prices of eleven industries under the HS classification. Chinese monthly data from July 2005 to July 2015 are used. Bounds test finds that all industries have co-integration relationship, with the exception of footwear and headgear products (HS12) and transport equipment (HS17). We have researched the shor...
متن کاملThe Impact of Monetary Regime on the Exchange Rate Pass-Through under Exchange Rate Volatility (Dynamic Panel Data Approach)
متن کامل
ARDL Approach to the Exchange Rate Overshooting in Taiwan
This paper re-examines Dornbusch’s (1976) sticky-price monetary model to exchange rate determination by employing both conventional Johansen’s (1988, 1990, 1994) maximum likelihood cointegration test and the ARDL Bound test by Pesaran, Shin, and Smith (2001) for the monthly data of Taiwan over the period 1986:01∼2003:04. Ambiguous results are found for the long-run equilibrium relationship betw...
متن کاملAssessing exchange rate pass-through: A new empirical approach
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...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Equinox Journal of Economics Business and Political Studies
سال: 2021
ISSN: 2687-4695
DOI: 10.48064/equinox.877879