Exchange rate pass-through to import prices: Evidence from Serbia

Kurtović, Safet

doi:10.17811/ebl.8.1.2019.7-16

Cited by 2 publications

(1 citation statement)

References 6 publications

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“…Among these counties, only Slovenia and Cyprus have a high pass‐through rate. This is also the case in Serbia (Kurtović, 2019) where an incomplete pass‐through occurs in the short term of approximately 0.31%, but not in the long term.…”

Section: Literature Reviewmentioning

confidence: 67%

Exchange rate pass‐through to import prices: Evidence from a heterogeneous panel of West African countries

Kinda¹,

Barry

2021

Review Development Economics

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This study analyzes the effect of exchange rate pass‐through (ERPT) on the import prices of West African countries. We used a heterogeneous dynamic panel over the period 1991–2018 and estimated the ERPT using the pooled mean group, mean group, and augmented mean group. The results show that an exchange rate appreciation of 1% in the short term leads to a decrease in the price of imports by 0.25% and 0.20%, respectively, for the West African Economic and Monetary Union (WAEMU) countries and those outside the WAEMU zone. However, considering other countries, we find that the ERPT has a long‐term effect and causes a rise in import prices of 0.83%. This effect depends on the level of inflation. Thus, the pass‐through effect appears to be heterogeneous across countries.

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Section: Literature Reviewmentioning

confidence: 67%

Exchange rate pass‐through to import prices: Evidence from a heterogeneous panel of West African countries

Kinda¹,

Barry

2021

Review Development Economics

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Investigating Exchange Rate Pass-through to Consumer Prices in Nigeria

Ugwu

Amassoma

Ehinomen

2021

Folia Oeconomica Stetinensia

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Research background: There have been several studies on the degree of exchange rate pass-through (ERPT) to consumer prices, as well as macroeconomic environment with yet no clear direction. Purpose: This research work investigates exchange rate pass-through effects into consumer prices in Nigeria from 1960 to 2018. Research methodology: The methodology employed by the study for estimation is the Johansen cointegration and Vector Error Correction Model (VECM) procedures. Results: The empirical results indicate an incomplete pass-through of exchange rate into consumer prices in Nigeria. The pass-through is found to be 1.6 for the model under consideration. The impulse response function results indicate that the response of the consumer prices to the exchange rate shock decreases immediately to a negative shock in the short run, and continues along the horizon to a positive shock in the long run. Also, the response of consumer prices to interest rate shock decreases immediately and continues to fluctuate to a negative shock in both the short run long run horizon. Novelty: The results support the view that exchange rate policy should be complimented with coordinated macroeconomic policy approaches in order to control inflationary level in the economy. The study therefore recommends that the Federal Government should adopt a tightening of the monetary policy as it will help reduce the impact of exchange rate depreciation on consumer prices.

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Exchange rate pass-through to import prices: Evidence from Serbia

Cited by 2 publications

References 6 publications

Exchange rate pass‐through to import prices: Evidence from a heterogeneous panel of West African countries

Exchange rate pass‐through to import prices: Evidence from a heterogeneous panel of West African countries

Investigating Exchange Rate Pass-through to Consumer Prices in Nigeria

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