Effects of exchange rate pass-through on inflation in Vietnam

https://doi.org/10.31130/ud-jst.2022.179E

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Author

  • Huynh Thi Dieu Linh, Nguyen Anh Thu
    The University of Danang - University of Economics

Từ khóa:

Exchange rate pass-through
inflation
VAR model
monetary policy
Vietnam

Tóm tắt

The main purpose of this study is to investigate the effect of exchange rate pass-through (ERPT) on domestic price of goods and services in Vietnam under the impact of the interest rate and refinancing rate over the period 2014 to 2019. Unit root test and many Diagnostic tests are conducted before applying the Vector Auto Regressive (VAR) model. Estimation results indicate that exchange rate changes have a positive impact on domestic consumer price level means that an increase in the depreciation of Vietnam dong could cause an increase in domestic price, the degree of ERPT into domestic price level is smaller than interest rate and refinancing one. The study also indicates many problems existing in the actual situation in Vietnam. From those analysis results, the study has proposed monetary policy orientations to help stabilize prices and develop macroeconomics.

Tài liệu tham khảo

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Đã Xuất bản

Jun 30, 2022
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Cách trích dẫn
Huynh Thi Dieu Linh, Nguyen Anh Thu. “Effects of Exchange Rate Pass-through on Inflation in Vietnam”. Tạp Chí Khoa học Và Công nghệ - Đại học Đà Nẵng, vol 20, số p.h 6.1, Tháng Sáu 2022, tr 78-83, doi:10.31130/ud-jst.2022.179E.

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