RETRACTED: Exchange rate pass-through in to inflation: New insights in to the cointegration relationship from Pakistan

Naz, Farah; Mohsin, Asma; Zaman, Khalid

doi:10.1016/j.econmod.2012.07.012

Cited by 13 publications

(6 citation statements)

References 31 publications

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“…Meanwhile, exchange rate indicated a negative relationship with inflation indicating a depreciation (appreciation) of home currency lead to an increase (decrease) in inflation in Malaysia for both before and after the fuel subsidy rationalisation period. The effect of exchange rate on inflation is consistent with some previous studies (e.g., Chen, 2009;Cheng & Tan, 2002;Jiang & Kim, 2013;Naz, Mohsin, & Zaman, 2012). For instance, Cheng and Tan (2002) highlighted that that external factors such as exchange rate are relatively more important than domestic factors in determining inflation in Malaysian.…”

Section: Resultssupporting

confidence: 89%

Oil Price Pass-Through Into Inflation Revisited in Malaysia: The Role of Asymmetry

Lily

Kogid

Nipo

et al. 2020

MJBE

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This paper investigates the asymmetric oil price impact on inflation in Malaysia. The oil price asymmetric effect on inflation is examined using the Nonlinear Autoregressive Distributed Lag (NARDL) approach. The approach simultaneously tests the short run and long run nonlinearities of the oil price through positive and negative partial sum decompositions. The results showed that there is evidence of long-run and short-run asymmetry indicating that inflation reacts differently during an increase and a decrease in oil prices after the fuel subsidy rationalisation. Furthermore, the impact of an increase in oil prices on inflation is greater than the decrease in oil prices. Thus, understanding the asymmetric oil price inflationary effect will help policymakers in implementing appropriate policies to accommodate the asymmetry. Future research needs to investigate other possible factors with the asymmetric effect such as exchange rates.

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Section: Resultssupporting

confidence: 89%

Oil Price Pass-Through Into Inflation Revisited in Malaysia: The Role of Asymmetry

Lily

Kogid

Nipo

et al. 2020

MJBE

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“…Thus, in empirical studies various factors are considered as strong forces for determining and controlling price inflation. These factors include money supply, interest rate, potential output, exchanges rate, wage rate, trade openness and expectations (Zaman et al, 2011;Naz et al, 2012;Bhattacharya, 2014;Ghosh, 2014).…”

Section: Literature Reviewmentioning

confidence: 99%

Threshold effects of inflation on growth in the ASEAN-5 countries: A Panel Smooth Transition Regression approach

Thanh

2015

Journal of Economics, Finance and Administrative Science

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a b s t r a c tThe relationship between inflation and economic growth is a contentious issue. The present study is undertaking to test hypothesis that the relationship between inflation and economic growth is nonlinear. This pane data study involves ASEAN-5 countries over the period 1980 model is employed to estimate the threshold of inflation and its effects on economic growth. Furthermore, we also check robustness by using GMM-IV specification. The study finds that there exists a statistically significant negative relationship between inflation and growth for the inflation rates above the threshold level of 7.84%, above which inflation starts impeding economic growth in the ASEAN-5 countries. The results suggest that central banks in the ASEAN-5 countries could improve economic growth by reducing inflation when it is above or near the estimated thresholds. The threshold inflation level can be considered, therefore, as inflation targeting indicator to conduct monetary policy. Los efectos umbral de la inflación en el crecimiento en los países del sudeste asiático: un enfoque del modelo de regresión fluidaCódigos JEL: C33 E31 040Palabras clave: Inflación Crecimiento Umbral de la inflación PSTR r e s u m e n La relación entre la inflación y el crecimiento económico es una cuestión polémica. El presente estudio trata de probar la hipótesis de no linealidad la relación entre la inflación y el crecimiento económico. Este estudio de regresión fluida incluye a los países ASEAN-5 durante el periodo 1980-2011. Se utiliza el modelo -Panel Smooth Transition Regression (PSTR)-para calcular el umbral de la inflación y sus efectos sobre el crecimiento económico. Además, revisamos también la solidez utilizando la especificación GMM-IV. El estudio encuentra que existe una relación negativa estadísticamente significativa entre la inflación y el crecimiento para las tasas de inflación superiores al umbral del 7.84%, por encima del cual la inflación impide el crecimiento económico en los países del sudeste asiático. Los resultados sugieren que los bancos centrales de estos países podrían mejorar el crecimiento económico mediante la reducción de la inflación, cuando esta es superior o cercana a los umbrales estimados. Por tanto, el nivel umbral de la inflación puede considerarse como un indicador objetivo de la misma para la realización de las políticas monetarias.

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“…In the literature, various factors are considered as strong forces for determining and controlling price inflation. These factors include money supply, interest rate, potential output, exchanges rate, wage rate, trade openness and expectations (Zaman, Khan, Ahmad, & Ikram, 2011;Naz, Mohsin, & Zaman, 2012;Bhattacharya, 2014;Ghosh, 2014). If inflation is detrimental to economic growth, the policy makers may keep low rates of inflation in order to achieve economic policy targets.…”

Section: Countrymentioning

confidence: 99%

Threshold Effects of Inflation on Growth in the ASEAN-5 Countries: A Panel Smooth Transition Regression Approach

Thanh

2014

SSRN Journal

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RETRACTED: Exchange rate pass-through in to inflation: New insights in to the cointegration relationship from Pakistan

Cited by 13 publications

References 31 publications

Oil Price Pass-Through Into Inflation Revisited in Malaysia: The Role of Asymmetry

Oil Price Pass-Through Into Inflation Revisited in Malaysia: The Role of Asymmetry

Threshold effects of inflation on growth in the ASEAN-5 countries: A Panel Smooth Transition Regression approach

Threshold Effects of Inflation on Growth in the ASEAN-5 Countries: A Panel Smooth Transition Regression Approach

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