Exchange Rate Pass-Through in Ghana | Zendy

Siaw Frimpong | Zendy; Anokye M. Adam | Zendy

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Exchange Rate Pass-Through in Ghana

Author(s) -

Siaw Frimpong,

Anokye M. Adam

Publication year - 2010

Publication title -

international business research

Language(s) - English

Resource type - Journals

eISSN - 1913-9012

pISSN - 1913-9004

DOI - 10.5539/ibr.v3n2p186

Subject(s) - openness to experience , exchange rate pass through , exchange rate , vector autoregression , economics , inflation (cosmology) , monetary economics , monetary policy , inflation rate , econometrics , central bank , interest rate , macroeconomics , psychology , social psychology , physics , theoretical physics

The paper examines the effect of exchange rate changes on consumer prices in Ghana using vector autoregression (VAR) models. Using a data set covering the periodn1990M01–2009M02, we find that the exchange rate pass-through to inflation is ‘incomplete’ and decreasing in Ghana. Our empirical results indicate a low but significant pass-through in the short run. We argue that the findings reflect the impact of increased openness and tighter monetary policy pursue by the central bank over the period

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