Pass-Through of Exchange Rates to Prices in Serbia: 2001-2007
AbstractThis paper estimates the pass-through effect of the exchange rate to prices in Serbia. Results obtained using ADL and VAR methodology suggest that the effect of exchange rate to inflation is Serbia is relatively high, but, as it is the case in most countries and previous studies on Serbia, incomplete and well below one. The estimate of the passthrough effect obtained using ADL methodology is between 0.13 and 0.31 in the short-run, and between 0.19 and 0.50 in the long-run. During the depreciation of the domestic currency (against the nominal effective exchange rate constructed from euro and U.S. dollar) the effect is considerably higher, and it reaches even 0.90 when we look at the retail price index.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by National Bank of Serbia in its series Working papers with number 10.
Length: 24 pages
Date of creation: Feb 2008
Date of revision:
Contact details of provider:
Postal: National Bank of Serbia, 12 Kralja Petra St, 11 000 Belgrade, Republic of Serbia
Web page: http://www.nbs.rs
More information through EDIRC
pass-through effect; exchange rate; inflation; depreciation;
Find related papers by JEL classification:
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
- F31 - International Economics - - International Finance - - - Foreign Exchange
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Maja Mihovilovic).
If references are entirely missing, you can add them using this form.