scholarly journals Exchange rate pass-through, exchange rate volatility, and exchange rate disconnect

2002 ◽  
Vol 49 (5) ◽  
pp. 913-940 ◽  
Author(s):  
Michael B. Devereux ◽  
Charles Engel
Keyword(s):  
Exchange Rate ◽  
Exchange Rate Volatility ◽  
Pass Through ◽  
Exchange Rate Pass Through ◽  
Exchange Rate Disconnect

scholarly journals Asymmetric Exchange Rate Pass-Through in Southeast Asian Rice Trade

2021 ◽  
pp. 1-34
Author(s):  
Taylor Wiseman ◽  
Jeff Luckstead ◽  
Alvaro Durand-Morat
Keyword(s):  
Exchange Rate ◽  
Exchange Rate Volatility ◽  
The Philippines ◽  
Distributed Lag ◽  
Asian Rice ◽  
Exchange Rate Fluctuations ◽  
Pass Through ◽  
Exchange Rate Pass Through ◽  
The Impact ◽  
Rice Trade

Abstract Asian countries consume approximately 90% of the world’s rice supply. Between 2007 and 2014, Thailand, Vietnam, and India accounted for 60% of the world’s exports of rice. A nonlinear autoregressive distributed lag (NARDL) econometric model is utilized to estimate the impact of exchange rate fluctuations on rice trade in Southeast Asia. Focusing on the largest importing countries and exporting country by volume, the analysis considers Malaysian, Indonesian, the Philippines, and Chinese rice imports from Thailand. Results show that importing countries’ state trading enterprises (STEs) generally do not follow profit-maximizing behavior in reacting to exchange rate volatility.

scholarly journals Exchange rate Pass-through in russia

2014 ◽  
pp. 21-35 ◽  
Author(s):  
Y. Ponomarev ◽  
P. Trunin ◽  
A. Ulyukayev
Keyword(s):  
Exchange Rate ◽  
Error Correction ◽  
Exchange Rate Volatility ◽  
Vector Error Correction Model ◽  
Correction Model ◽  
Vector Error Correction ◽  
Vector Error ◽  
Short Run ◽  
Pass Through ◽  
Exchange Rate Pass Through

The article provides estimates of short-run and medium-run exchange rate pass-through in Russia during the period of 2000-2012 using vector error correction model. Estimates of asymmetry of exchange rate pass-through, its assessments in different sub-periods and exchange rate volatility effect are also presented.

scholarly journals Exchange Rate Volatility and Pass-Through to Inflation in South Africa

2019 ◽  
Vol 19 (277) ◽  
Author(s):  
Ken Miyajima
Keyword(s):  
South Africa ◽  
Exchange Rate ◽  
South African ◽  
Inflation Targeting ◽  
Shock Absorber ◽  
Exchange Rate Volatility ◽  
Limited Extent ◽  
Core Inflation ◽  
Pass Through ◽  
Exchange Rate Pass Through

Does the South African rand’s relatively large volatility affect inflation? To shed some light on this question, a standard estimation technique of exchange rate pass-through to inflation is extended to incorporate exchange rate volatility. Estimated results suggest that higher exchange rate volatility tends to increase core inflation but to a relatively limited extent in South Africa. The finding lends support to the policy of allowing the rand to float freely and work as a shock absorber, consistent with the nation’s successful inflation targeting regime.

scholarly journals Importers, Exporters, and Exchange Rate Disconnect

2014 ◽  
Vol 104 (7) ◽  
pp. 1942-1978 ◽  
Author(s):  
Mary Amiti ◽  
Oleg Itskhoki ◽  
Jozef Konings
Keyword(s):  
Exchange Rate ◽  
Marginal Cost ◽  
Theoretical Framework ◽  
Market Shares ◽  
Variable Markups ◽  
Level Data ◽  
Theoretical Mechanism ◽  
Pass Through ◽  
Exchange Rate Pass Through ◽  
Exchange Rate Disconnect

Large exporters are simultaneously large importers. We show that this pattern is key to understanding low aggregate exchange rate pass-through as well as the variation in pass-through across exporters. We develop a theoretical framework with variable markups and imported inputs, which predicts that firms with high import shares and high market shares have low exchange rate pass-through. We test and quantify the theoretical mechanism using Belgian firm-product-level data on imports and exports. Small nonimporting firms have nearly complete pass-through, while large import-intensive exporters have pass-through around 50 percent, with the marginal cost and markup channels contributing roughly equally. (JEL D24, F14, F31, L60)

scholarly journals Exchange rate pass-through into consumer healthcare prices in Colombia

2019 ◽  
Vol 38 (77) ◽  
pp. 523-550
Author(s):  
Sergio I. Prada ◽  
Julio C. Alonso ◽  
Julián Fernández
Keyword(s):  
Exchange Rate ◽  
Price Index ◽  
Consumer Price Index ◽  
Exchange Rate Volatility ◽  
Goods And Services ◽  
Consumer Healthcare ◽  
Pass Through ◽  
Exchange Rate Pass Through ◽  
Heterogeneous Effect ◽  
Benefits Package

The exchange rate pass-through into the consumer price index on healthcare goods and services was measured by estimating a FAVAR model for Colombia. Results provide evidence of an incomplete and heterogeneous effect. There is no indication of transmission to the services or insurance indexes, but there is a significant effect on the medicines and devices indexes that have implications for out-of-pocket expenditure. Therefore, this indicates that the Colombian healthcare system effectively protects consumers from exchange rate volatility, but may need to design policies to protect consumers from price rises in medicines and goods that are not covered by the national benefits package.

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