Exchange rate pass-through to price indices in Iran
نویسندگان
چکیده
One of the major challenges for monetary policy is to predict how exchange rate fluctuations affect inflation and price indices. Hence, main objective this study examine fluctuation in indices Iran. This paper analyzes effects on other macroeconomic variables Iran during period 2004-Q1 2018-Q4, using framework a recursive VAR model, drawing Bernanke (1986) Sims (1986).The results indicate that transfer changes imperfect, such path through consumer, producer, import prices from 14.68%, 15.55% 18.22% first increase 51.78%, 53.15% 88.14% 13th period. In addition, path-through decreases along distribution chain, with highest passing prices, producer consumer respectively. The result has interesting implications Iran’s ability attain an effective inflation-targeting regime. Monetary makers should curb by adopting appropriate policies order minimize uncertainty index. contributes literature assessing effect (the Iranian Rial vis-a-vis US$) updated time series 2004 2018. It addresses limitations previous studies, which found no strong relationship between context. these was CPI, as only
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ژورنال
عنوان ژورنال: Janus.net
سال: 2021
ISSN: ['1647-7251']
DOI: https://doi.org/10.26619/1647-7251.12.1.8