| 书目名称 | Exchange Rate, Second Round Effects and Inflation Processes | | 副标题 | Evidence From South | | 编辑 | Eliphas Ndou,Nombulelo Gumata,Mthokozisi Mncedisi | | 视频video | | | 概述 | Uses a counterfactual approach to separate the direct and indirect effects of shocks.Argues that the size of second round effects on growth in terms of total remuneration per worker due to exchange ra | | 图书封面 |  | | 描述 | .This book focuses on the exchange rate pass-through (ERPT), second round effects and the inflation process in South Africa. The authors demonstrate that magnitudes of the second round effects of the exchange rate depreciation and oil price shocks depend on inflation regimes. The impact of positive oil price shocks on inflation is weakened by monetary policy credibility. Evidence shows the influence of oil price on unit labour costs and correlation between exchange rate changes and inflation has weakened. In addition, ERPT is reduced by low business and consumer confidence, high trade openness, low inflation and high exchange rate volatility which weaken real economic activity. Both monetary and fiscal policy credibility lowers the sizes of ERPT to inflation and inflation expectations. Fiscal policy via fuel levies, administered prices and public transport inflation channel impacts the responses of monetary policy to inflation shocks. The authors show that second round effects contribute very little to wage inflation following an exchange rate depreciation shock. Both lending rate and household consumption responds asymmetrical to repo rate changes. .This book will appeal to policy | | 出版日期 | Book 2019 | | 关键词 | Second-round effects; Counterfactual responses; Exchange rate pass-through; Time varying exchange rate; | | 版次 | 1 | | doi | https://doi.org/10.1007/978-3-030-13932-2 | | isbn_ebook | 978-3-030-13932-2 | | copyright | The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl |
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书目名称Exchange Rate, Second Round Effects and Inflation Processes影响因子(影响力)
书目名称Exchange Rate, Second Round Effects and Inflation Processes影响因子(影响力)学科排名
书目名称Exchange Rate, Second Round Effects and Inflation Processes网络公开度
书目名称Exchange Rate, Second Round Effects and Inflation Processes网络公开度学科排名
书目名称Exchange Rate, Second Round Effects and Inflation Processes被引频次
书目名称Exchange Rate, Second Round Effects and Inflation Processes被引频次学科排名
书目名称Exchange Rate, Second Round Effects and Inflation Processes年度引用
书目名称Exchange Rate, Second Round Effects and Inflation Processes年度引用学科排名
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书目名称Exchange Rate, Second Round Effects and Inflation Processes读者反馈学科排名
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发表于 2025-3-21 18:55:58
