Exchange Rate Pass-Through in Transition Economies: The Case of the Republic of Macedonia
dc.contributor.author | Fetai, Besnik | |
dc.date.accessioned | 2016-08-30T19:49:43Z | |
dc.date.available | 2016-08-30T19:49:43Z | |
dc.date.issued | 2011-04-01 | |
dc.identifier.other | RePEc:wdi:papers:2011-1014 | |
dc.identifier.uri | https://hdl.handle.net/2027.42/133029 | |
dc.description.abstract | This paper investigates the relative costs and benefits associated with introducing a different exchange rate regime in the Republic of Macedonia. In this finding, all econometrics results, using different methodologies (SVAR and VECM), show that introducing a different strategy of the exchange rate targeting in order to promote rapid economic growth could easy disturb macroeconomic stability (after having achieved it at a substantial cost) without any significant economic benefits. In the long term, the coefficient of exchange rate reveals that a one percent change in the exchange rate will generate an increase in the prices level of 0.52 percent, indicating that 52 percent of changes in the exchange rate feed into the prices level. The investigation suggests that introducing a different strategy of the exchange rate regime is likely to incur more costs than benefits. | |
dc.relation.ispartofseries | wp1014 | |
dc.subject | exchange rate | |
dc.subject | pass-through effect | |
dc.subject | SVAR and VECM | |
dc.subject.other | E44 | |
dc.subject.other | E55 | |
dc.subject.other | E62 | |
dc.subject.other | E77 | |
dc.title | Exchange Rate Pass-Through in Transition Economies: The Case of the Republic of Macedonia | |
dc.type | Working Paper | |
dc.subject.hlbsecondlevel | Economics | |
dc.subject.hlbtoplevel | Business | |
dc.contributor.affiliationum | William Davidson Institute | |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/133029/1/wp1014.pdf | |
dc.contributor.authoremail | b.fetai@seeu.edu.mk | |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
Files in this item
Remediation of Harmful Language
The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.
Accessibility
If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.