This paper examine the exchange rate pass-through (ERPT) to aggregate CPI, Wholesale Price Index (WPI), sectorial CPI inflation under alternative exchange rate regimes in Pakistan by using restricted recursive VAR pattern methodology for the period July 1991 April 2017. The major findings of the paper are: there is moderate ERPT in domestic inflation. ERPT is high in energy, non-food, non-energy, housing, and transport sectors. The study also concludes that ERPT is high under managed floating exchange rate than flexible exchange rate regime. The result further reveals that ERPT to domestic inflation is high when currency depreciates whereas it has comparatively low when the currency appreciates. This confirms asymmetric ERPT in Pakistan.
Alan : Eğitim Bilimleri; Güzel Sanatlar; Mimarlık, Planlama ve Tasarım; Sosyal, Beşeri ve İdari Bilimler
Dergi Türü : Uluslararası
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