Global Commodity Prices, Monetary Transmission, and Exchange Rate Pass-Through in the Pacific Islands »
Series: IMF Working Papers
Author(s): Shanaka Peiris , and Ding Ding
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2012
Keywords: exchange rate, inflation, exchange rate targeting, monetary transmission, And Monetary Policy,
Pacific Islands countries are vulnerable to commodity price shocks, and this poses challenges to monetary policy. The high degree of exchange rate pass-through to headline inflation and the weak monetary transmissi...