Asymmetric Exchange Rate Pass-through in Sudan: Does Inflation React Differently during Periods of Currency Depreciation?

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  • Additional Information
    • Publication Year:
      2017
    • NAICS/Industry Codes:
      NAICS/Industry Codes 522293 International Trade Financing
    • Abstract:
      Using the nonlinear autoregressive distributed lags model, we confirm that the response of consumer prices to the changes in the exchange rate is asymmetric in the short and long run. The analysis reveals that moderate inflation is associated with currency depreciation while no material effect is observed during appreciation in the short run. In the long run, depreciation is passed through to consumer prices rather than appreciation. We find that 10 per cent depreciation in the Sudanese pound leads to approximately an eight percentage point increase in consumer price levels. The result - inflation in Sudan is largely driven by sharp depreciation episodes - suggests the need to mitigate the disruptive effects of sharp depreciations. We find that the impact of oil price shocks on domestic inflation is insignificant, a finding that is consistent with the recent international evidence. [ABSTRACT FROM AUTHOR]
    • Abstract:
      Copyright of African Development Review is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
    • ISSN:
      10176772
    • Accession Number:
      125199898
  • Citations
    • ABNT:
      BAHARUMSHAH, A. Z.; SIRAG, A.; MOHAMED NOR, N. Asymmetric Exchange Rate Pass-through in Sudan: Does Inflation React Differently during Periods of Currency Depreciation? African Development Review, [s. l.], v. 29, n. 3, p. 446, 2017. Disponível em: http://widgets.ebscohost.com/prod/customlink/proxify/proxify.php?count=1&encode=0&proxy=&find_1=&replace_1=&target=http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edb&AN=125199898&authtype=sso&custid=s5834912. Acesso em: 28 set. 2020.
    • AMA:
      Baharumshah AZ, Sirag A, Mohamed Nor N. Asymmetric Exchange Rate Pass-through in Sudan: Does Inflation React Differently during Periods of Currency Depreciation? African Development Review. 2017;29(3):446. Accessed September 28, 2020. http://widgets.ebscohost.com/prod/customlink/proxify/proxify.php?count=1&encode=0&proxy=&find_1=&replace_1=&target=http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edb&AN=125199898&authtype=sso&custid=s5834912
    • APA:
      Baharumshah, A. Z., Sirag, A., & Mohamed Nor, N. (2017). Asymmetric Exchange Rate Pass-through in Sudan: Does Inflation React Differently during Periods of Currency Depreciation? African Development Review, 29(3), 446.
    • Chicago/Turabian: Author-Date:
      Baharumshah, Ahmad Zubaidi, Abdalla Sirag, and Norashidah Mohamed Nor. 2017. “Asymmetric Exchange Rate Pass-through in Sudan: Does Inflation React Differently during Periods of Currency Depreciation?” African Development Review 29 (3): 446. http://widgets.ebscohost.com/prod/customlink/proxify/proxify.php?count=1&encode=0&proxy=&find_1=&replace_1=&target=http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edb&AN=125199898&authtype=sso&custid=s5834912.
    • Harvard:
      Baharumshah, A. Z., Sirag, A. and Mohamed Nor, N. (2017) ‘Asymmetric Exchange Rate Pass-through in Sudan: Does Inflation React Differently during Periods of Currency Depreciation?’, African Development Review, 29(3), p. 446. Available at: http://widgets.ebscohost.com/prod/customlink/proxify/proxify.php?count=1&encode=0&proxy=&find_1=&replace_1=&target=http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edb&AN=125199898&authtype=sso&custid=s5834912 (Accessed: 28 September 2020).
    • Harvard: Australian:
      Baharumshah, AZ, Sirag, A & Mohamed Nor, N 2017, ‘Asymmetric Exchange Rate Pass-through in Sudan: Does Inflation React Differently during Periods of Currency Depreciation?’, African Development Review, vol. 29, no. 3, p. 446, viewed 28 September 2020, .
    • MLA:
      Baharumshah, Ahmad Zubaidi, et al. “Asymmetric Exchange Rate Pass-through in Sudan: Does Inflation React Differently during Periods of Currency Depreciation?” African Development Review, vol. 29, no. 3, Sept. 2017, p. 446. EBSCOhost, widgets.ebscohost.com/prod/customlink/proxify/proxify.php?count=1&encode=0&proxy=&find_1=&replace_1=&target=http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edb&AN=125199898&authtype=sso&custid=s5834912.
    • Chicago/Turabian: Humanities:
      Baharumshah, Ahmad Zubaidi, Abdalla Sirag, and Norashidah Mohamed Nor. “Asymmetric Exchange Rate Pass-through in Sudan: Does Inflation React Differently during Periods of Currency Depreciation?” African Development Review 29, no. 3 (September 2017): 446. http://widgets.ebscohost.com/prod/customlink/proxify/proxify.php?count=1&encode=0&proxy=&find_1=&replace_1=&target=http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edb&AN=125199898&authtype=sso&custid=s5834912.
    • Vancouver/ICMJE:
      Baharumshah AZ, Sirag A, Mohamed Nor N. Asymmetric Exchange Rate Pass-through in Sudan: Does Inflation React Differently during Periods of Currency Depreciation? African Development Review [Internet]. 2017 Sep [cited 2020 Sep 28];29(3):446. Available from: http://widgets.ebscohost.com/prod/customlink/proxify/proxify.php?count=1&encode=0&proxy=&find_1=&replace_1=&target=http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edb&AN=125199898&authtype=sso&custid=s5834912