The Impact of Exchange Rate Volatility and Inflationary Regimes on the Consumer Price Index in Organization of Islamic Countries (Panel FMOLS Co-integration Approach)

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Aguerre, R.B., Fuertes, A. M. and Phylaktis, K. (2012), "Exchange Rate Pass-through into Import Prices Revisited", Journal of International Money, 31: 818-844. Bailliu, J. & Fujii, E. (2004). "Exchange Rate Pass-Through and the Inflation Environment in Industrialized Countries: An Empirical Investigation", Bank of Canada Working Paper No. 21. Carlsson, M., Lyhagen, J., and Österholm, P. (2007). Testing for purchasing power parity in co-integrated panels [IMF Working Paper no. WP/07/287]. International Monetary Fund (IMF), Washington, DC. Ceglowski, J. (2010), Exchange rate pass-through to bilateral import prices, Journal of International Money and Finance, 29 (8): 1637-1651. Cermeño R, Grier KB (2006) Conditional Heteroskedasticity and Cross-Sectional Dependence in Panel Data: an Empirical Sudy of Inflation Uncertainty in the G7 Countries. Economic Analysis. Elsevier, Berlin: 259–277. Choudhri, E.U., Hakura, D.S., (2001). Exchange rate pass-through to domestic prices: does the inflationary environment matter? Journal of International Money and Finance 25 (4), 614-639. Corsetti, G., Kuester, K., Müller, G. & Schmidt, S. (2021), DSGE models of high exchange-rate volatility and low pass-through,  International Finance Discussion Papers 845. Fjærtoft, D.B. (2011). Monetary Policy in Russia and Effects of the Financial Crisis. Econ- Working Paper, No. 2008-011. Flamini, A. (2003), CPI Inflation Targeting and Exchange Rate Pass-Through, Macroeconomics 0306017, University Library of Munich, Germany. Globerman, S. & Storer, P. (2005), Exchange Rate Volatility, Pass-Through, Trade Patterns, and Inflation Targets, Journal of Economics, 7(2): 125-149. International Monetary Fund (IMF) (Ed.). (2020). Annual Report on Exchange Arrangements and Exchange Restrictions, , International Monetary Fund. Kara, H., Tuger, H.K., Ozlale, U., Tuger, B. and Yucel, E.M. (2007), “Exchange Rate Regimes and Pass-Through: Evidence from The Turkish Economy”, Journal of Contemporary Economic Policy, 25(2): 206-225. McCarthy, J. )2007(. “Pass-Through of Exchange Rates and Import Prices to Domestic Inflation in Some Industrialized Economies.” Eastern Economic Journal 33 (4): 511-37. Mishkin, F. S. (2017). "Inflation Dynamics", speech delivered at Annual Macro Conference, Federal Reserve Bank of San Francisco, San Francisco, March 23; published in (2008) International Finance, 10: 317-34. Sek, S.K. & Kapsalyamova, Z. (2008), Pass-through of exchange rate into domestic prices: the case of four Asian countries, International Journal of Economic Policy Studies 3(1),45-72. Shintani M., Akiko T.-H., Tomoyoshi Y., (2013), Exchange rate pass-through and inflation: A nonlinear time series analysis. Journal of International Money and Finance, 32 (2013) 512-527. Simonyan, S. (2020), Asymmetric Exchange Rate Pass-Through to Import and Export Prices for Turkey: A Nonlinear Autoregressive Distributed Lag (NARDL) Approach, Asian Academy of Management Journal of Accounting and Finance (AAMJAF), 16(1): 35-44 Sowah, A.N. (2019), “Is There a Link between Exchange Rate Pass-Through and the Monetary Regime: Evidence from SubSaharan Africa and Latin America”, Journal of International Atlantic Economic Society, 25: 296-309. Taylor, J.B., (2018). Low inflation, pass-through, and the pricing power of firms. European Economic Review 44, 1389-1408. Westerlund, J. and D. Edgerton, (2008), “A Simple Test for Co-integration in Dependent Panels with Structural Breaks", Oxford Bulletin of Economics and Statistics, 70, 665-703. World Development Indicators (2020), wdi.org, Worldbank.org.  

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Journal title

volume 29  issue 99

pages  111- 120

publication date 2021-12

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