000294972 001__ 294972
000294972 005__ 20250213113210.0
000294972 0247_ $$2doi$$a10.71609/iheid-as7x-cf11
000294972 037__ $$aBOOK
000294972 245__ $$aThe exchange rate pass-through to CPI and its components in oil-exporting CIS countries
000294972 260__ $$aGeneva$$bThe Graduate Institute of International and Development Studies, International Economics Department$$c2017
000294972 269__ $$a2017
000294972 300__ $$a50 p. : ill.
000294972 336__ $$aPapers and Reports
000294972 490__ $$aGraduate Institute of International and Development Studies Working Paper ; no. 06/2017
000294972 520__ $$aIn this study, we explore the pass-through of exchange rate fluctuations to domestic CPI and its components for Azerbaijan, Kazakhstan and Russia. Using the data of 2003:Q1- 2016:Q2, we estimate a VAR model and find significant but incomplete pass-through in all sample countries. The accumulated pass-through to aggregate CPI within one year is 28 percent for both Azerbaijan and Kazakhstan; however the equivalent figure for Russia is 32 percent. According to our empirical findings the largest pass-through (ERPT) is observed in the non-food CPI in Azerbaijan and Kazakhstan, whereas in Russia the food prices demonstrate the greatest ERPT. Since the ERPT is an essential ingredient of price developments in sample countries, it should be assessed precisely and taken into account in monetary policy decisions and inflation forecasting.
000294972 700__ $$aRahimov, Vugar
000294972 700__ $$aJafarova, Nigar
000294972 700__ $$aGanbarov, Fuad
000294972 8564_ $$952d91545-f227-4323-bfd7-2370eb203513$$s532148$$uhttps://repository.graduateinstitute.ch/record/294972/files/HEIDWP06-2017.pdf
000294972 8564_ $$9de69ca63-718e-47ba-bf12-de0a9620e2b2$$xpdfa$$s1923721$$uhttps://repository.graduateinstitute.ch/record/294972/files/HEIDWP06-2017.pdf?subformat=pdfa
000294972 901__ $$uInternational Economics Department$$0319285
000294972 909CO $$ooai:repository.graduateinstitute.ch:294972$$pGLOBAL_SET$$pIHEID:Explore
000294972 937__ $$aWP-2017-066
000294972 980__ $$aWP