The paper provides a review of the estimation of structural vector autoregressions with sign
restrictions. It is shown how sign restrictions solve the parametric identification problem …

A major challenge for monetary policy is predicting how exchange rate movements will
impact inflation. We propose a new focus: directly incorporating the underlying shocks that …

Most central banks have now recognised price stability as the ultimate goal of monetary
policy. In a small open economy with a liberalised capital account and a form of flexible …

This study examines, through a panel data analysis for 114 developing countries, the
exchange rate pass-through on inflation and on its volatility and, in particular, how the …

Africa continues to endure the negative effects of climate change, which have become
increasingly visible in the agricultural sector, posing challenges to policies aimed at price …

In this paper we analyse the exchange rate pass-through (ERPT) in the euro area as a
whole and for four euro area members-Germany, France, Italy and Spain. For that purpose …

We analyse exchange rate pass-through into import prices for a large group of 33 emerging
and developed economies from 1980, quarter 1, to 2010, quarter 4. Our error correction …

This book began as a series of lectures given by the second author at the International
Monetary Fund as part of the Internal Economics Training program conducted by the Institute …

Some recent studies observe an increasing degree of exchange rate pass-through (ERPT)
to domestic prices, which has raised questions about the nature of the incompleteness and …

We study vector autoregressions that impose equality and/or inequality restrictions to set-
identify the dynamic responses to a single structural shock. We make three contributions …