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An Assessment of the Exchange Rate Pass-Through in Angola and Nigeria
Ana Lariau
Moataz El-Said
Ms.Misa Takebe
出版
International Monetary Fund
, 2016-09-20
主題
Business & Economics / Economics / Macroeconomics
Business & Economics / Foreign Exchange
Business & Economics / Inflation
ISBN
1475537522
9781475537529
URL
http://books.google.com.hk/books?id=dVoZEAAAQBAJ&hl=&source=gbs_api
EBook
SAMPLE
註釋
This paper estimates the exchange rate pass-through to consumer price inflation in Angola and Nigeria, with particular emphasis on the changes of the pass-through over time. Even though the two countries share smilar dependence on oil exports, this paper reveals different results. For Angola, the long-run exchange rate pass-through to prices is high, though it has weakened in recent years reflecting the de-dollarization of the economy. In Nigeria, there is no stable long-run relationship between the exchange rate and prices, and changes in the exchange rate do not have a significant pass-through effect on inflation. However, the passthrough effect on core inflation is significant.