 Exchange Rate and Inflation Dynamics, and Monetary Policy in HaitiYves Nithder Pierre ()
Chapter Chapter 7 in Contemporary Issues Within Caribbean Economies, 2022, pp 133-165 from Springer Abstract: Abstract Inflation is recurrent and relatively strong in Haiti, a small Caribbean open economy plagued by debilitating factors including sluggish economic growth and low saving rates. The inflation process is fed by a permanent monetary expansion, consistent with standard theory. The monetary effect is also amplified by other factors such as inertia, price-setting behavior in the stagnating economy, and by the effects of relative price changes, particularly the pass-through of exchange rate changes on the consumer price index (CPI). The chapter investigates the effects—and their strength—on the dynamics of inflation in Haiti with some conventional econometric methods using quarterly data from different sources including the central bank from 1996 to 2018. It also analyzes the strength and the stability of this dynamics—and quite complex—relationship. Finally, it brings out how the monetary policy impacts their relationship, and the impediments that prevent the monetary policy framework from being effective in stabilizing inflation in Haiti. Date: 2022 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-98865-4_7 Ordering information: This item can be ordered from DOI: 10.1007/978-3-030-98865-4_7 Access Statistics for this chapter More chapters in Springer Books from Springer |
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