Pass-through du taux de change aux prix au Maroc

An empirical investigation of the exchange rate pass-through to prices in Morocco

Abdellatif Chatri (), Abdelwahab Maarouf and Ragbi Aziz ()

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper, we use SVAR model to evaluate the degree of exchanges rate pass-through to domestic prices. Our results suggest that the responsiveness of the later is low overall, decreases over time and it is higher for tradables than non-tradables goods. The low inflation environment, the modernization of the monetary policy framework and the country's import structure are the main factors explaining these results. This would facilitate the implementation of a more flexible exchange rate regime and explicit long- run inflation goal.

Keywords: Pass-through; exchange rate; monetary policy; inflation (search for similar items in EconPapers)
JEL-codes: E52 F31 (search for similar items in EconPapers)
Date: 2016-05-25
New Economics Papers: this item is included in nep-ara and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:71757

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