Global commodity prices, monetary transmission, and exchange rate pass-through in the Pacific Islands:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.]
International Monetary Fund
2012
|
| Schriftenreihe: | IMF working paper
WP/12/176 |
| Schlagworte: |
Prices
> Islands of the Pacific
> Econometric models
> Prices
> Tonga
> Econometric models
> Exchange rate pass-through
> Islands of the Pacific
> Econometric models
> Exchange rate pass-through
> Tonga
> Econometric models
> Monetary policy
> Islands of the Pacific
> Econometric models
> Monetary policy
> Tonga
> Econometric models
|
| Online-Zugang: | FLA01 |
| Beschreibung: | Title from PDF title page (IMF Web site, viewed Jul. 17, 2012). - "Asia and Pacific Department.". - "July 2012." Print version record |
| Beschreibung: | 1 online resource (16 pages) |
| ISBN: | 9781475533330 1475533330 |
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| 100 | 1 | |a Peiris, Shanaka J. |d 1975- |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Global commodity prices, monetary transmission, and exchange rate pass-through in the Pacific Islands |c prepared by Shanaka J. Peiri and Ding Ding |
| 264 | 1 | |a [Washington, D.C.] |b International Monetary Fund |c 2012 | |
| 300 | |a 1 online resource (16 pages) | ||
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| 500 | |a Title from PDF title page (IMF Web site, viewed Jul. 17, 2012). - "Asia and Pacific Department.". - "July 2012." | ||
| 500 | |a Print version record | ||
| 505 | 8 | |a Pacific Islands countries are vulnerable to commodity price shocks, and this poses challenges to monetary policy. The high degree of exchange rate pass-through to headline inflation and the weak monetary transmission mechanism in PICs suggest a greater efficacy of exchange rate changes in affecting inflation rather than monetary policy. To assess the tradeoff between the use of the exchange rate and monetary policy in macroeconomic stabilization, we employ a model-based approach to examine the optimal policy in response to the historical distribution of exogenous shocks in a Pacific Island (Tonga). The empirical evidence and model simulations tilt in the favor of exchange rate policy given the close relationship between exchange rate changes and headline inflation and the low interest rate sensitivity of aggregate demand | |
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| 650 | 4 | |a Prices |z Islands of the Pacific |x Econometric models |a Prices |z Tonga |x Econometric models |a Exchange rate pass-through |z Islands of the Pacific |x Econometric models |a Exchange rate pass-through |z Tonga |x Econometric models |a Monetary policy |z Islands of the Pacific |x Econometric models |a Monetary policy |z Tonga |x Econometric models | |
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Datensatz im Suchindex
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| author | Peiris, Shanaka J. 1975- |
| author_facet | Peiris, Shanaka J. 1975- |
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| building | Verbundindex |
| bvnumber | BV045356327 |
| collection | ZDB-4-EBU |
| contents | Pacific Islands countries are vulnerable to commodity price shocks, and this poses challenges to monetary policy. The high degree of exchange rate pass-through to headline inflation and the weak monetary transmission mechanism in PICs suggest a greater efficacy of exchange rate changes in affecting inflation rather than monetary policy. To assess the tradeoff between the use of the exchange rate and monetary policy in macroeconomic stabilization, we employ a model-based approach to examine the optimal policy in response to the historical distribution of exogenous shocks in a Pacific Island (Tonga). The empirical evidence and model simulations tilt in the favor of exchange rate policy given the close relationship between exchange rate changes and headline inflation and the low interest rate sensitivity of aggregate demand |
| ctrlnum | (ZDB-4-EBU)ocn800095228 (OCoLC)800095228 (DE-599)BVBBV045356327 |
| dewey-full | 332.152 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.152 |
| dewey-search | 332.152 |
| dewey-sort | 3332.152 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| id | DE-604.BV045356327 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T08:15:51Z |
| institution | BVB |
| isbn | 9781475533330 1475533330 |
| language | English |
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| publishDate | 2012 |
| publishDateSearch | 2012 |
| publishDateSort | 2012 |
| publisher | International Monetary Fund |
| record_format | marc |
| series2 | IMF working paper |
| spelling | Peiris, Shanaka J. 1975- Verfasser aut Global commodity prices, monetary transmission, and exchange rate pass-through in the Pacific Islands prepared by Shanaka J. Peiri and Ding Ding [Washington, D.C.] International Monetary Fund 2012 1 online resource (16 pages) txt rdacontent c rdamedia cr rdacarrier IMF working paper WP/12/176 Title from PDF title page (IMF Web site, viewed Jul. 17, 2012). - "Asia and Pacific Department.". - "July 2012." Print version record Pacific Islands countries are vulnerable to commodity price shocks, and this poses challenges to monetary policy. The high degree of exchange rate pass-through to headline inflation and the weak monetary transmission mechanism in PICs suggest a greater efficacy of exchange rate changes in affecting inflation rather than monetary policy. To assess the tradeoff between the use of the exchange rate and monetary policy in macroeconomic stabilization, we employ a model-based approach to examine the optimal policy in response to the historical distribution of exogenous shocks in a Pacific Island (Tonga). The empirical evidence and model simulations tilt in the favor of exchange rate policy given the close relationship between exchange rate changes and headline inflation and the low interest rate sensitivity of aggregate demand BUSINESS & ECONOMICS / Finance bisacsh Monetary policy / Econometric models fast Prices / Econometric models fast Prices Islands of the Pacific Econometric models Prices Tonga Econometric models Exchange rate pass-through Islands of the Pacific Econometric models Exchange rate pass-through Tonga Econometric models Monetary policy Islands of the Pacific Econometric models Monetary policy Tonga Econometric models Ding, Ding 1958- Sonstige oth International Monetary Fund Sonstige oth |
| spellingShingle | Peiris, Shanaka J. 1975- Global commodity prices, monetary transmission, and exchange rate pass-through in the Pacific Islands Pacific Islands countries are vulnerable to commodity price shocks, and this poses challenges to monetary policy. The high degree of exchange rate pass-through to headline inflation and the weak monetary transmission mechanism in PICs suggest a greater efficacy of exchange rate changes in affecting inflation rather than monetary policy. To assess the tradeoff between the use of the exchange rate and monetary policy in macroeconomic stabilization, we employ a model-based approach to examine the optimal policy in response to the historical distribution of exogenous shocks in a Pacific Island (Tonga). The empirical evidence and model simulations tilt in the favor of exchange rate policy given the close relationship between exchange rate changes and headline inflation and the low interest rate sensitivity of aggregate demand BUSINESS & ECONOMICS / Finance bisacsh Monetary policy / Econometric models fast Prices / Econometric models fast Prices Islands of the Pacific Econometric models Prices Tonga Econometric models Exchange rate pass-through Islands of the Pacific Econometric models Exchange rate pass-through Tonga Econometric models Monetary policy Islands of the Pacific Econometric models Monetary policy Tonga Econometric models |
| title | Global commodity prices, monetary transmission, and exchange rate pass-through in the Pacific Islands |
| title_auth | Global commodity prices, monetary transmission, and exchange rate pass-through in the Pacific Islands |
| title_exact_search | Global commodity prices, monetary transmission, and exchange rate pass-through in the Pacific Islands |
| title_full | Global commodity prices, monetary transmission, and exchange rate pass-through in the Pacific Islands prepared by Shanaka J. Peiri and Ding Ding |
| title_fullStr | Global commodity prices, monetary transmission, and exchange rate pass-through in the Pacific Islands prepared by Shanaka J. Peiri and Ding Ding |
| title_full_unstemmed | Global commodity prices, monetary transmission, and exchange rate pass-through in the Pacific Islands prepared by Shanaka J. Peiri and Ding Ding |
| title_short | Global commodity prices, monetary transmission, and exchange rate pass-through in the Pacific Islands |
| title_sort | global commodity prices monetary transmission and exchange rate pass through in the pacific islands |
| topic | BUSINESS & ECONOMICS / Finance bisacsh Monetary policy / Econometric models fast Prices / Econometric models fast Prices Islands of the Pacific Econometric models Prices Tonga Econometric models Exchange rate pass-through Islands of the Pacific Econometric models Exchange rate pass-through Tonga Econometric models Monetary policy Islands of the Pacific Econometric models Monetary policy Tonga Econometric models |
| topic_facet | BUSINESS & ECONOMICS / Finance Monetary policy / Econometric models Prices / Econometric models Prices Islands of the Pacific Econometric models Prices Tonga Econometric models Exchange rate pass-through Islands of the Pacific Econometric models Exchange rate pass-through Tonga Econometric models Monetary policy Islands of the Pacific Econometric models Monetary policy Tonga Econometric models |
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