CEU Electronic Theses and Dissertations, 2021
| Author | Myrzalieva, Arina Almazbekovna |
|---|---|
| Title | Exchange Rate Pass-Through In Kyrgyzstan |
| Summary | This paper investigates the degree of exchange rate pass-through into domestic prices for Kyrgyzstan from January 2000 to July 2019. The study employed impulse response function and variance decomposition obtained from the vector autoregression model. This study aims to investigate the effect of exchange rate changes on the domestic price level in Kyrgyzstan. The impulse response functions and variance decomposition results present a high and long-lasting impact from changes in exchange rates to producer and consumer prices. The results confirm an incomplete exchange rate pass-through, indicating that the purchasing power parity theory does not hold regarding the price level in the context of Kyrgyzstan. |
| Supervisor | Laszlo Matyas |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2021/myrzalieva_arina.pdf |
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