Exchange Rate Pass-through to CPI and Inflation in Caucasian Countries

Language: English

Published by LAP LAMBERT Academic Publishing Mrz 2012, 2012

3848430819 / 9783848430819

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Seller: BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, GermanyBuchWeltWeit Ludwig Meier e.K.

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This item is printed on demand - it takes 3-4 days longer - Neuware -Objective of this study is to analyze exchange rate pass-through in transitional, Caucasian countries. To perform proper analysis several equations must be estimated simultaneously, which nominates Vector Auto Regression as the best method for this study. Illustration of impulse response functions and variance decomposition show us degree of pass-through and share of variation in consumer prices explained by changes in exchange rate. Despite data limitation this research provides meaningful results. Caucasian countries have many similarities but each reveals its own uniqueness. Pass-through is relatively higher in Georgia and Armenia and very low in Azerbaijan. This is consistent with previous literature that countries with higher share of import have higher pass-through. Vector Error Correction model shows that the lowest deviation from long-term equilibrium is in Armenia, which probably is due to inflation targeting strategy. Variance decomposition shows significant share of exchange rates in explaining changes in CPI only in Georgia, which should suggest Georgian monetary authority to observe changes in exchange rate more carefully than other Caucasian countries. 56 pp. Englisch.…

Seller Inventory # 9783848430819

Title
Exchange Rate Pass-through to CPI and Inflation in Caucasian Countries
Author
Grigol Grigolava
Publisher
LAP LAMBERT Academic Publishing Mrz 2012
Publication year
2012
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3848430819
ISBN 13
9783848430819
Item weight
102 grams
Dimensions
220x150x4 mm

BuchWeltWeit Ludwig Meier e.K.

Bergisch Gladbach, Germany

5-star seller

AbeBooks seller since January 11, 2012

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BuchWeltWeit Ludwig Meier e.K.

Germany