Inflationary effects of oil price and exchange rate shocks in South Africa: Evidence from time-varying pass-through coefficients

Basit Öğe Kaydı
dc.authoridCatik, Abdurrahman Nazif/0000-0001-9247-5668
dc.authoridAkdeniz, Coşkun/0000-0002-3973-754X
dc.authorscopusid57200762540
dc.authorscopusid36458196600
dc.authorscopusid55898411800
dc.authorwosidAkdeniz, Coşkun/AAQ-8119-2020
dc.contributor.authorAkdeniz, Coşkun
dc.contributor.authorÇatık, Abdurrahman Nazif
dc.contributor.authorBallı, Esra
dc.date.accessioned2023-04-20T08:02:24Z
dc.date.available2023-04-20T08:02:24Z
dc.date.issued2022
dc.departmentFakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü
dc.description.abstractThis paper estimates the exchange rate and oil price pass-through to South African domestic prices (ERPT and OPPT, respectively). This study adopts a novel approach to compute pass-through coefficients along the pricing channel using the time-varying responses of the time-varying parameter (TVP)-VAR model. Our findings show that both ERPT and OPPT are incomplete, despite varying responses to local and global economic events that cause fluctuations in the exchange rate and oil prices. The ERPT coefficients have peaked in 1998 and 2001, coinciding with the crisis that caused the excessive depreciation of the domestic currency. The OPPT coefficients, on the other hand, reach their maximum effect during the 2008 global financial crisis. Our findings do not reveal a significant decline in ERPT compared with the 1980s. In contrast to a significant first-stage effect, the direct ERPT and OPPT coefficients are found to be insignificant. The findings also show that direct OPPT to consumer fuel prices is significantly higher than that of import prices.
dc.identifier.doi10.1111/saje.12327
dc.identifier.endpage328
dc.identifier.issn0038-2280
dc.identifier.issn1813-6982
dc.identifier.issue3en_US
dc.identifier.scopus2-s2.0-85135047763
dc.identifier.scopusqualityQ2
dc.identifier.startpage301
dc.identifier.urihttps://doi.org/10.1111/saje.12327
dc.identifier.urihttps://hdl.handle.net/20.500.11776/10898
dc.identifier.volume90
dc.identifier.wosWOS:000827792200001
dc.identifier.wosqualityQ3
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.institutionauthorAkdeniz, Coşkun
dc.language.isoen
dc.publisherWiley
dc.relation.ispartofSouth African Journal of Economics
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectExchange Rate Pass-Through
dc.subjectOil Price Pass-Through
dc.subjectSouth Africa
dc.subjectTvp-Var
dc.subjectMonetary-Policy
dc.subjectImport Prices
dc.subjectConsumer Prices
dc.subjectDomestic Prices
dc.subjectMacroeconomy
dc.subjectPerspective
dc.subjectCountries
dc.subjectImpact
dc.subjectModel
dc.titleInflationary effects of oil price and exchange rate shocks in South Africa: Evidence from time-varying pass-through coefficients
dc.typeArticle

Dosyalar

Orijinal paket
Listeleniyor 1 - 1 / 1
Küçük Resim Yok
İsim:
10898.pdf
Boyut:
10.89 MB
Biçim:
Adobe Portable Document Format
Açıklama:
Tam Metin / Full Text
İndir

Koleksiyon

WoS İndeksli Yayınlar Koleksiyonu
İktisadi ve İdari Bilimler Fakültesi Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu