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035   $a(IMF)WPIEE2006150
035   $a(IMF)WPIEA2006150
035   $aWPIEA2006150
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100   $a20020129d2006      uf         0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 13$aAn Empirical Investigation of the Exchange Rate Pass-Through to Inflation in Tanzania /$fNkunde Mwase
205   $a1st ed.
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (36 p.)
225 1 $aIMF Working Papers
300   $a"June 2006."
311 08$a9781451864106 
311 08$a1451864108 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. INTRODUCTION""; ""II. MONEY, EXCHANGE RATES, AND INFLATION IN TANZANIA""; ""III. A SURVEY OF THE LITERATURE""; ""IV. THE MODELING STRATEGY""; ""V. EMPIRICAL RESULTS""; ""VI. FACTORS BEHIND THE LOW AND DECLINING EXCHANGE RATE PASS-THROUGH""; ""VII. CONCLUSION AND POLICY RECOMMENDATIONS""; ""DATA SOURCES AND ESTIMATION""; ""ROBUSTNESS TESTS""; ""References""
330 3 $aThe paper examines the effect of exchange rate changes on consumer prices in Tanzania using structural vector autoregression (VAR) models. Using a data set covering the period 1990-2005, we find that the exchange rate pass-through to inflation declined in the late 1990s despite the depreciation of the currency. This could be partly attributed to the macroeconomic and structural reforms that were implemented during this period. The decline in the pass-through does not necessarily imply that exchange rate fluctuations are less significant in explaining macroeconomic fluctuations. The recent increase in the share of imports in the economy suggests that the pass-through could rise over the medium term. The findings imply that the authorities should remain vigilant in assessing the potential impact of foreign prices on the dynamics of inflation in Tanzania. In this regard, the authorities should seek to maintain low and stable inflation and continue the ongoing structural reforms designed to improve efficiency and increase competition.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/150
606   $aForeign exchange rates$zTanzania
606   $aInflation (Finance)$zTanzania
606   $aConsumer price indexes$2imf
606   $aCurrency$2imf
606   $aDeflation$2imf
606   $aExchange rate pass-through$2imf
606   $aExchange rates$2imf
606   $aForeign Exchange$2imf
606   $aForeign exchange$2imf
606   $aInflation$2imf
606   $aMacroeconomics$2imf
606   $aMonetary base$2imf
606   $aMonetary economics$2imf
606   $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf
606   $aMoney and Monetary Policy$2imf
606   $aMoney supply$2imf
606   $aPrice indexes$2imf
606   $aPrice Level$2imf
606   $aPrices$2imf
607   $aTanzania, United Republic of$2imf
615  0$aForeign exchange rates
615  0$aInflation (Finance)
615  7$aConsumer price indexes
615  7$aCurrency
615  7$aDeflation
615  7$aExchange rate pass-through
615  7$aExchange rates
615  7$aForeign Exchange
615  7$aForeign exchange
615  7$aInflation
615  7$aMacroeconomics
615  7$aMonetary base
615  7$aMonetary economics
615  7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General
615  7$aMoney and Monetary Policy
615  7$aMoney supply
615  7$aPrice indexes
615  7$aPrice Level
615  7$aPrices
700   $aMwase$b Nkunde$01815885
801  0$bDcWaIMF
906   $aBOOK
912   $a9910975149103321
996   $aAn Empirical Investigation of the Exchange Rate Pass-Through to Inflation in Tanzania$94371494
997   $aUNINA