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An Empirical Assessment of the Exchange Rate Pass-through in Mozambique

Determining the magnitude and speed of the exchange rate passthrough (ERPT) to inflation has been of paramount importance for policy-makers in developed and emerging economies. This paper estimates the exchange rate passthrough in Mozambique using econometric techniques on a sample spanning from 200...

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Bibliographic Details
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2021
Series:IMF Working Papers
Subjects:
Economic & Financial Crises & Disasters
Inflation
Economics
Exchange Rate Pass-through
Monetary Economics
Deflation
Economics: General
Informal Sector
Currency
Monetary Policy Frameworks
Nominal Effective Exchange Rate
Economics Of Specific Sectors
Informal Economy
Price Level
Foreign Exchange
Currency Crises
International Economics
Prices
Macroeconomics
Monetary Policy
Underground Econom
Exchange Rates
Money And Monetary Policy
Mozambique, Republic Of
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:Determining the magnitude and speed of the exchange rate passthrough (ERPT) to inflation has been of paramount importance for policy-makers in developed and emerging economies. This paper estimates the exchange rate passthrough in Mozambique using econometric techniques on a sample spanning from 2001 to 2019. Results suggest that the ERPT is assymetric, sizable and fast, with 50 percent of the exchange rate variations passing through to prices in less than six months. Policy-makers should continue to pursue low and stable inflation and develop a strong track record of prudent macroeconomic policies for the ERPT to decline
Physical Description:34 pages
ISBN:9781513573694

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