Titlebook: Exchange Rate, Second Round Effects and Inflation Processes; Evidence From South Eliphas Ndou,Nombulelo Gumata,Mthokozisi Mncedisi Book 2

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https://doi.org/10.1007/978-3-030-27138-1ce shows the second-round effects of exchange rate depreciation shock are much smaller in the low consumer price inflation regime in relation to those in the high inflation regime. The findings further show that in the low consumer price inflation regime, the repo rate tends to be much lower than th

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https://doi.org/10.1007/978-94-024-2099-9flation. We establish that the correlation between the growth of nominal effective exchange rate (NEER) and inflation has declined or weakened over time. In addition, the ability of the exchange rate to explain movements in inflation has weakened over time. The repo rate tightening shock lowers the

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Food, Health and the Knowledge Economyprice inflation. Evidence shows the consumer price inflation rises to exchange rate depreciation shocks irrespective of whether policy rate is shutoff or not in the model. This suggests the policy rate channel dampens the increase in consumer price inflation following the exchange rate depreciation

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E. Rossi M.D.,N. Herschkowitz M.D.the linear regressions and VAR analysis indicates the ULC rises much higher to exchange rate depreciation shock in high inflation regime than in the low regime. The counterfactual ULC reaction exceeds the actual responses, indicating to the potency of policy credibility indicator in dampening the pa

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Food, Media and Contemporary Cultureia the role of (1) consumer price inflation from the 3–6% target band and (2) monetary policy credibility as measured by squared deviations from the 6% inflation rate, which is the upper of the inflation target band. Evidence suggests that keeping the consumer price inflation within the target band

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escalate