The purpose of this paper is to examine the nominal exchange rate pass-through domestic prices in Sudan from 1978–2017. An autoregressive distributed lag (ARDL) approach cointegration employed. analysis based on impulse response functions (IRFs) and forecast error variance decompositions (FEVDs). dynamics cointegrated system can be investigated via IRFs. findings confirm that degree incomplete,...

The recent sharp appreciation of the Canadian dollar vs. the US dollar poses difficulties for the Canadian economy and reignites the debate as to whether Canada should fix the Canadian dollar to the US dollar by implementing a unilateral peg or forming a monetary union. We compare the welfare of different combinations of monetary and currency policies in an open-economy macroeconomic model that...