THE ASYMMETRIC EXCHANGE RATE PASS-THROUGH TO INFLATION IN THE SELECTED ASEAN COUNTRIES
نویسندگان
چکیده
This study explains the asymmetric Exchange Rate Pass-Through (ERPT) to inflation in Indonesia, Malaysia, and Philippines, which adopted floating exchange rate after 1998 financial crisis. Our empirical results show existence of long-run ERPT such that there is no full transmission depreciation each country. The highest degree occurred while Philippines (appreciation) not completely transmitted short run. We find a has stronger impact on than appreciation.
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ژورنال
عنوان ژورنال: Buletin Ekonomi Moneter dan Perbankan
سال: 2023
ISSN: ['1410-8046']
DOI: https://doi.org/10.59091/1410-8046.2047