Exchange rate volatility and pass‐through to inflation in South Africa
نویسندگان
چکیده
منابع مشابه
Rochester Modeling Exchange Rate Passthrough after Large Devaluations Modeling Exchange Rate Passthrough after Large Devaluations *
Large devaluations are generally associated with large declines in real exchange rates. Burstein, Eichenbaum, and Rebelo (2005) argue that the primary force causing these declines is often the slow adjustment in the price of nontradable goods and services. We develop a model which embodies two complementary forces that account for the large declines in the real exchange rate that occur in the a...
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ژورنال
عنوان ژورنال: African Development Review
سال: 2020
ISSN: 1017-6772,1467-8268
DOI: 10.1111/1467-8268.12448