LONG-RUN PASS-THROUGH FROM THE EXCHANGE RATE TO IMPORT PRICES IN AFRICAN COUNTRIES

Mark Holmes ()

Journal of Economic Development, 2008, vol. 33, issue 1, 97-111

Abstract: This paper investigates the extent of pass-through from the nominal exchange rate to import prices for a sample of nineteen African countries. The methodology is based on panel data cointegration testing. Using annual data extending back to 1971, long-run pass-through can be best described as a fairly balanced combination of local-currency and producer-currency pricing. However, this paper offers additional insight from a moving window approach that indicates declining long-run pass-through, accompanied by decreasing inflation, occurring since the mid-1990s.

Keywords: Exchange Rate Pass-Through; Panel Cointegration; Africa (search for similar items in EconPapers)
JEL-codes: E31 F41 F49 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (6)

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