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Exchange Rate Pass Through to Prices in Maldives, Iyabo Masha, Chanho Park

Contributor
Abstract
This study examines the degree of exchange rate pass through (EPRT) into producer and consumer prices in Maldives. ERPT to consumer prices is first estimated using a nonparametric approach. A recursive vector autoregression is then used to model both consumer and producer price changes. The nonparametric estimation indicates that ERPT to consumer prices is very high, both in absolute terms and relative to other countries. The dynamics of ERPT as derived from the empirical estimation indicate that ERPT to consumer and producer prices is significant but not complete, and that the impact of exchange rate changes persists into the second year
Table Of Contents
Cover; Contents; I. Introduction; II. Theoretical Background and Empirical Literature; III. Maldives: Economy, Prices and Exchange Rates; Figures; 1. International Commodity Prices and Maldives Inflation Developments, 2006 - 2011; 2. Male and Atolls CPI Inflations by Components; IV. Non-Parametric Evidence of ERPT from the Maldives Supply and Use Table; 3. Nominal Bilateral (Rufiyaa per US Dollar) and Nominal Effective Exchange Rates, (1993-2010); Tables; 1. Total Exchange Rate Pass Through to CPI ( 1[sup(st)] and 2[sup(nd)] round effects)
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (27 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9780147559296

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