Inflation Led Import or Import Led Inflation: Evidence from Bangladesh
نویسندگان
چکیده
منابع مشابه
Import Prices and Inflation
Understanding the consequences of international developments for domestic inflation is an extremely important question for central banks. But before we claim to have measured the extent of import price pass-through, it is necessary to be clear on exactly what such a number is intended to mean. One can attempt to come up with an answer on the basis of either economic theory or empirical evidence...
متن کاملGlobalisation, import prices and inflation: how reliable are the ‘tailwinds’?
Rising ratios of trade to world output (Chart 1) and the integration of emerging markets in the global economy (Chart 2) have been key aspects of globalisation. Several of the possible macroeconomic consequences were explored in a recent Quarterly Bulletin article by Spange and Young (2007). These phenomena are having a profound effect on the world economy. But what implications do they have fo...
متن کاملInflation Targeting and Regional Inflation Persistence: Evidence from Korea
The adoption of a credible monetary policy regime such as inflation targeting is known to reduce the persistence of inflation fluctuations. This conclusion, however, is derived from aggregate inflation or sectoral inflation rates, not from regional inflation data. This paper studies the regional dimension of inflation targeting, i.e. the consequences of inflation targeting for regional inflatio...
متن کاملInflation and Inflation Uncertainty Revisited: Evidence from Egypt
The welfare costs of inflation and inflation uncertainty are well documented in the literature and empirical evidence on the link between the two is sparse in the case of Egypt. This paper investigates the causal relationship between inflation and inflation uncertainty in Egypt using monthly time series data during the period January 1974–April 2015. To endogenously control for any potential st...
متن کاملAsymmetric Behavior of Inflation in Iran: New Evidence on Inflation Persistence Using a Smooth Transition Model
T his paper investigates the asymmetric behavior of inflation. We use logistic smooth transition autoregressive (LSTAR) model to characterize the regime-switching behavior of Iran’s monthly inflation during the period May 1990 to December 2013. We find that there is a triple relationship between the inflation level, its fluctuations and persistence. The findings imply that the behavi...
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: Asian Business Review
سال: 2015
ISSN: 2305-8730,2304-2613
DOI: 10.18034/abr.v2i2.297