| Description |
1 online resource (29 pages) : illustrations (some color), tables, graphs |
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text file |
| Series |
IMF Working Papers.
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| Summary |
This paper focuses on the role of the pass-through of the exchange rate and policydeterminants in driving inflation. Using linear and nonlinear frameworks, the paper finds: (i) after the switch to a floating exchange rate regime in 2012, nonfood prices not only directly influence headline inflation, but also have an significant impact on food inflation via second round effects; (ii) the pass-through of the exchange rate to headline inflation has jumped from zero to 11 percent under the floating regime, after controlling for other factors; (iii) the improved significance of T-bill rates in shaping inflation flags its importance in Malawi's monetary framework although the monetary transmission mechanism needs further strengthening; (iv) the increased impact of broad money underscores the necessity for fiscal discipline and central bank independence. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Inflation (Finance)
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Inflation (Finance) |
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Exchange rate pass-through.
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Exchange rate pass-through. |
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Exchange rate pass-through -- Econometric models.
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Econometric models. |
| Genre/Form |
Electronic books.
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| Other Form: |
Print version: Frank Wu, Dong Understanding Inflation in Malawi: A Quantitative Investigation Washington, D.C. : International Monetary Fund,2017 9781475585988 |
| ISBN |
1475586655 (electronic book) |
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9781475586657 (electronic book) |
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1475586612 |
|
1475585985 |
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9781475585988 |
| ISSN |
1018-5941 |
| Standard No. |
10.5089/9781475585988.001 |
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