| Description |
1 online resource (25 pages) : illustrations |
| Series |
IMF working paper ; WP/12/126 |
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IMF working paper ; WP/12/126.
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| Contents |
Cover; Contents; I. Introduction; II. Theoretical Background and Empirical Literature; III. Maldives: Economy, Prices and Exchange Rates; Figures; 1. International Commodity Prices and Maldives Inflation Developments, 2006 -- 2011; 2. Male and Atolls CPI Inflations by Components; IV. Non-Parametric Evidence of ERPT from the Maldives Supply and Use Table; 3. Nominal Bilateral (Rufiyaa per US Dollar) and Nominal Effective Exchange Rates, (1993-2010); Tables; 1. Total Exchange Rate Pass Through to CPI (1[sup(st)] and 2[sup(nd)] round effects) |
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2. Maldives: Exchange Rate Pass Through to CPI Accounting for Substitution Effects and Distribution MarginsV. Econometric Estimation; 3. Maldives: Estimated Exchange Rate Pass Through to CPI from July 2001 Devaluation; A. Data and Econometric Issues; 4 Trends in Key Variables; B. Estimation Results; VI. Summary and Conclusion; Appendixes; I. Data Description and Sources; II. Unit Root Tests; III. Impulse Response Functions (Output gap model); IV. Impulse Response Functions (Real GDP growth model); V. Estimated Cummulative Pass Through Coefficients |
| Summary |
This study examines the degree of exchange rate pass through (EPRT) into producer and consumer prices in Maldives. ERPT to consumer prices is first estimated using a nonparametric approach. A recursive vector autoregression is then used to model both consumer and producer price changes. The nonparametric estimation indicates that ERPT to consumer prices is very high, both in absolute terms and relative to other countries. The dynamics of ERPT as derived from the empirical estimation indicate that ERPT to consumer and producer prices is significant but not complete, and that the impact of exchange rate changes persists into the second year |
| Notes |
Title from PDF title page (IMF Web site, viewed May 25, 2012) |
| Bibliography |
Includes bibliographical references |
| Notes |
"Asia and Pacific Department." |
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"May 2012." |
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English |
| Subject |
Exchange rate pass-through -- Maldives -- Econometric models
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Prices -- Maldives -- Econometric models
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Electronic books.
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e-books.
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Economic history
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Prices -- Econometric models
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| SUBJECT |
Maldives -- Economic conditions
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| Subject |
Maldives
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| Form |
Electronic book
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| Author |
Park, Chanho, author.
|
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International Monetary Fund. Asia and Pacific Department, issuing body.
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| ISBN |
1475536577 |
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9781475536577 |
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