Constraints on exchange rate flexibility in transition economies: a meta-regression analysis of exchange rate pass-through

Igor Velickovskia  Geoffrey Thomas Pughb*

首页> 外文期刊>Applied Economics >Constraints on exchange rate flexibility in transition economies: a meta-regression analysis of exchange rate pass-through

【24h】

Constraints on exchange rate flexibility in transition economies: a meta-regression analysis of exchange rate pass-through

机译：转型经济体汇率灵活性的制约因素：汇率传递的元回归分析

获取原文

掌桥外文数据库（机构版） >>

开具论文收录证明 >>

文献代查 >>

页面导航

摘要
著录项
相似文献
相关主题

摘要

This article uses Meta-Regression Analysis (MRA) to investigate exchange rate pass-through to domestic prices, highlighting differences between transition and developed economies. A total of 23 studies yielded 575 coefficients measuring exchange rate pass-through to import prices and consumer prices for 23 developed and 12 transition economies. The MRA results confirm the finding of many particular analyses that exchange rate pass-through is less than complete. In addition, exchange rate pass-through is higher to import prices than to consumer prices; and exchange rate pass-through is higher in the long run than in the short run. Regarding transition and developed economies, MRA suggests that there is no statistically significant difference in exchange rate pass-through to import prices. Yet, exchange rate pass-through to consumer prices is significantly and substantially higher in transition than in developed economies. This finding is consistent with the caution of many monetary authorities in transition economies regarding exchange rate flexibility.View full textDownload full textRelated var addthis_config = { ui_cobrand: "Taylor & Francis Online", services_compact: "citeulike,netvibes,twitter,technorati,delicious,linkedin,facebook,stumbleupon,digg,google,more", pubid: "ra-4dff56cd6bb1830b" }; Add to shortlist Link Permalink http://dx.doi.org/10.1080/00036846.2010.485927

机译：本文使用Meta回归分析（MRA）来研究汇率传递到国内价格的过程，强调转型经济体与发达经济体之间的差异。总共23项研究得出了575个系数，用于衡量23个发达经济体和12个转型经济体对进口价格和消费者价格的汇率传递。 MRA的结果证实了许多特殊分析的发现，即汇率传递不完整。此外，进口价格的汇率传递高于消费价格的汇率传递。长期而言，汇率传递比短期内更高。关于转轨国家和发达经济体，MRA建议，汇率转嫁至进口价格在统计上没有显着差异。然而，与发达经济体相比，转嫁到消费者价格的汇率明显高得多。这一发现与转型期经济体中许多货币当局对汇率灵活性的谨慎态度是一致的。查看全文下载全文linkedin，facebook，stumbleupon，digg，google，更多“，发布ID：” ra-4dff56cd6bb1830b“};添加到候选列表链接永久链接http://dx.doi.org/10.1080/00036846.2010.485927

著录项

来源
《Applied Economics》 |2011年第27期|p.4111-4125|共15页
作者
Igor Velickovskia Geoffrey Thomas Pughb*;
展开▼
作者单位

展开▼
收录信息美国《科学引文索引》(SCI);
原文格式 PDF
正文语种
中图分类
关键词

相似文献

外文文献
中文文献
专利

1. Constraints on exchange rate flexibility in transition economies: a meta-regression analysis of exchange rate pass-through [J] . Igor Velickovski, Geoffrey Thomas Pugh Applied Economics . 2011,第25a27期

机译：转型经济体汇率灵活性的制约因素：汇率传递的元回归分析
2. Exchange Rate Changes And Inflation In Post-crisis Asian Economies: Vector Autoregression Analysis Of The Exchange Rate Pass-through [J] . TAKATOSHI ITO, KIYOTAKA SATO Journal of money, credit and banking . 2009,第7期

机译：危机后亚洲经济体中的汇率变化和通货膨胀：汇率传递的矢量自回归分析
3. Revisiting the pass-through of exchange rate in the transition economies: New evidence from new EU member states [J] . Ben Cheikh Nidhaleddine, Ben Zaied Younes Journal of International Money and Finance . 2020,第Feba期

机译：重新审视转型经济体中的汇率传递：来自新欧盟成员国的新证据
4. Exchange Rate Pass-Through to Consumer Prices in the European Transition Economies [C] . Rajmund Mirdala International Conference Enterprise and Competitive Environment . 2014

机译：汇率通过欧洲过渡经济体的消费价格
5. The role of exchange rate in the open economy model: Exchange rate pass-through and simple policy rules. [D] . Hidayat, Yahya Rachmana. 2002

机译：汇率在开放经济模型中的作用：汇率传递和简单的政策规则。
6. Exchange Kinetics by Inversion Transfer (EKIT): Integrated Analysis of the Phosphorus Metabolite Kinetic Exchanges in Resting Human Skeletal Muscle at 7T [O] . Jimin Ren, Baolian Yang, A. Dean Sherry, -1

机译：通过反转转移（EKIT）交换动力学：人体骨骼肌在7T时磷代谢物动力学交换的综合分析
7. Exchange Rate Pass-Through in Transition Economies: The Case of the Republic of Macedonia Abstract: This paper investigates the relative costs and benefits associated with introducing a different exchange rate regime in the Republic of Macedonia. In this finding, all econometrics results, using different methodologies (SVAR and VECM), show that introducing a different strategy of the exchange rate targeting in order to promote rapid economic growth could easy disturb macroeconomic stability (after having achieved it at a substantial cost) without any significant economic benefits. In the long term, the coefficient of exchange rate reveals that a one percent change in the exchange rate will generate an increase in the prices level of 0.52 percent, indicating that 52 percent of changes in the exchange rate feed into the prices level. The investigation suggests that introducing a different strategy of the exchange rate regime is likely to incur more costs than benefits. [O] . Besnik Fetai 100

机译：转型经济体的汇率传递：马其顿共和国案例摘要：本文研究了在马其顿共和国引入不同汇率制度所带来的相对成本和收益。在这一发现中，使用不同方法（sVaR和VECm）的所有计量经济学结果表明，引入不同的汇率目标战略以促进经济的快速增长可能容易扰乱宏观经济稳定性（在以相当大的成本实现后）没有任何重大的经济利益。从长期来看，汇率系数表明，汇率的百分之一变化将使价格水平上升0.52％，表明汇率变化的52％会进入价格水平。调查表明，引入不同的汇率制度策略可能会带来更多的成本而不是收益。
8. Pass-Through of Exchange Rates and Import Prices to Domestic Inflation in Some Industrialized Economies. [R] . McCarthy, J. 2000

机译：一些工业化经济体的汇率和进口价格对国内通货膨胀的影响。

Constraints on exchange rate flexibility in transition economies: a meta-regression analysis of exchange rate pass-through

摘要

著录项

相似文献

相关主题

期刊订阅