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Pass-through du taux de change aux prix au Maroc
[An empirical investigation of the exchange rate pass-through to prices in Morocco]

Author

Listed:
  • Chatri, Abdellatif
  • Maarouf, Abdelwahab
  • Ragbi, Aziz
Abstract
In this paper, we use SVAR model to evaluate the degree of exchanges rate pass-through to domestic prices. Our results suggest that the responsiveness of the later is low overall, decreases over time and it is higher for tradables than non-tradables goods. The low inflation environment, the modernization of the monetary policy framework and the country's import structure are the main factors explaining these results. This would facilitate the implementation of a more flexible exchange rate regime and explicit long- run inflation goal.

Suggested Citation

  • Chatri, Abdellatif & Maarouf, Abdelwahab & Ragbi, Aziz, 2016. "Pass-through du taux de change aux prix au Maroc [An empirical investigation of the exchange rate pass-through to prices in Morocco]," MPRA Paper 71757, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:71757
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Pass-through; exchange rate; monetary policy; inflation;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F31 - International Economics - - International Finance - - - Foreign Exchange

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