[PDF] Top 20 Exchange Rate Pass through in Nigeria: Evidence from a Vector Error Correction Model

... A one percent shock to exchange rate, for instance, results in 14.3 and -10.5 percent pass-through effect to import and consumer prices four quarters ahead, respectively.. This, among ot[r] ... See full document

... estimated model is linear, have residuals that follow normal distribution, does not suffer from non-serial correlation in the residuals, and does not suffer from non-constant residual ...suffer ... See full document

... in Nigeria has a positive effect on nutritional status of Nigerians which also support earlier finding of the long-run equilibrium relationship between calorie intake and per capita income of Table ...shocks ... See full document

... incomplete pass through ...in Nigeria. Being the closest to our study, we differ from Boamah (2012) in two significant ...effective exchange rate to the bilateral dollar ... See full document

... the Error Correction Model (ECM) to investigate the long-run and short-run determinants of unemployment rate in ...unemployment rate, inflation rate, interest rate, ... See full document

... nominal exchange rate of the Nigeria’s currency has become a prominent subject for business and policy ...in exchange rate and high domestic prices currently above the policy target is the ... See full document

... resulting from the oil glut in the world oil ...foreign exchange market (SFEM) leading to the devaluation and managed float of the previously pegged naira were steps taken by the government to support this ... See full document

... price, exchange rate, national income and ...forecast error variance decompositions (FEDVs) to determine the effect of exchange rate to import price and national ...of exchange ... See full document

... follow from assumptions relating to the delays in the reactions of particular variables to disturbances originating elsewhere within the Ghanaian ...shocks from the forecast errors of the estimated ... See full document

... find evidence that there is one cointegration equation for the four exchange rate-adjusted yields at the national bond markets, it is more appropriate to use the vector error ... See full document

... real exchange rate, and currency substitution by using the panel ...up from five ASEAN countries which experienced economic uncertainty and economic instability during Asian financial crisis in ... See full document

... that exchange rate movements and monetary expansion affect consumer price inflation in sub-Saharan Africa ...that exchange rates have a significant “Granger causal” impact on prices in Tanzania, ... See full document

... of exchange rate volatility pass-through on price inflation in ...ranging from 1981 to 2015 was used and due to adjustment and generation of data for other variables from the ... See full document

... price through a price transmission ...cost, exchange rates and distances between geographical areas affect producer ...A vector error correction model (VECM) using monthly data ... See full document

... and error correction that brought modeling of vector autoregressions with unit roots and cointegration to the center of attentionin applied and theoretical ...this model is least squares ... See full document

... Rupee/Dollar exchange rate and the exchange rate ...the exchange rate since August 2011 does not translate into a secular downward trend in the Dollar price of ...of ... See full document

... of pass-through to im- port ...and pass-through seems to be much lower than in the longer ...incomplete pass-through as a result of firms’ markup ad- justment depending on market ... See full document

... this model (which is particularly evident following an exchange-rate-based disinflation) is a consequence of the overlapping contracts structure, combined with forward-looking pricing ...acceptable ... See full document

... where pass- through may lie between zero and 100 ...for pass-through to take intermediate values between zero and 100 ...estimated pass- through are actually economy-wide ... See full document

... Much subsequent work explored links between passthrough rates and macroeconomic conditions. Taylor (2000) and Choudhri and Hakura (2006) argue that a low inflation environment results in a low ERPT rate. In an ... See full document