Asymmetric Exchange Rate Pass-through in India: A Non-linear ARDL Approach (Record no. 134531)

MARC details
000 -LEADER
fixed length control field 01956nas a2200217Ia 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 241107c99999999xx |||||||||||| ||und||
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 0015-7325
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Mendali, Ganapati
9 (RLIN) 123540
245 #0 - TITLE STATEMENT
Title Asymmetric Exchange Rate Pass-through in India: A Non-linear ARDL Approach
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. Foreign Trade Review
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2024
300 ## - PHYSICAL DESCRIPTION
Extent 429-447
520 ## - SUMMARY, ETC.
Abstract This study makes an attempt to examine the exchange rate pass-through (ERPT) to domestic prices in India from 1993M4 to 2021M3. In the empirical literature, the relationship between the exchange rate and the price was found to be linear. However, in emerging economies recently the asymmetric relationship between these variables is noticed: the effect of appreciation on price is found to be negligible while the effect of depreciation is found to be significant. To study this behaviour, we have used non-linear autoregressive distributed lag (NARDL) model by employing five variables (viz., exchange rate, consumer price, output gap, money supply and oil prices). The structural break techniques are used to examine the differential effects of the pass-through. It found that exchange rate shocks do not lead to significant changes in consumer prices in the long run. In terms of policy, this means that the ERPT has insignificant consequences for monetary policy, and depreciation might pose a little threat to price stability. It is also established that oil price shocks are not one of the major determinants of inflation in the country and they do not pose serious challenges to price stability. Economic growth and monetary expansion also do not seem to pose any risks to price stability in the long run
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Exchange Rate Pass-Through
9 (RLIN) 123541
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Monetary Policy
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element NARDL
9 (RLIN) 123542
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Structural Break
9 (RLIN) 123543
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element India
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Das, Sanjukta
9 (RLIN) 123544
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://doi.org/10.1177/00157325231190474">https://doi.org/10.1177/00157325231190474</a>
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha biblionumber 134531
Holdings
Withdrawn status Lost status Damaged status Not for loan Home library Current library Date acquired Serial Enumeration / chronology Total Checkouts Barcode Date last seen Price effective from Koha item type
        Dr VKRV Rao Library Dr VKRV Rao Library 07/11/2024 Vol. 59, No. 3   AI802 07/11/2024 07/11/2024 Article Index