Asymmetric and non-linear pass-through effect of exchange rate on inflation: Evidence from the Fragile Five countries

Basit Öğe Kaydı
dc.contributor.authorAkbas, Yusuf Ekrem
dc.contributor.authorRadulescu, Magdalena
dc.contributor.authorŞit, Ahmet
dc.contributor.authorBelascu, Lucian
dc.date.accessioned2026-06-19T06:31:55Z
dc.date.available2026-06-19T06:31:55Z
dc.date.issued2026
dc.departmentMalatya Turgut Özal Üniversitesi
dc.description.abstractThis study aims to analyze the possible asymmetric and non-linear effects of exchange rate and interest rate on different inflation components in the Fragile Five countries over the period 1980–2023 by using the panel smooth transition regression and panel non-linear ARDL model. As a result of the analysis, in pass-through model where the exchange rate is the threshold variable, it is found that the exchange rate positively affects the consumer prices index and the producer prices index in the high exchange rate regime, but the impact on the consumer prices index is higher. On the other hand, in model where the threshold variable is the interest rate, it is determined that the interest rate negatively affects the consumer prices index and the producer prices index in both the high-interest rate regime and the low-interest rate regime, and this effect is higher on the consumer prices index. © 2026 The Authors.
dc.identifier.doi10.1016/j.jpolmod.2026.02.007
dc.identifier.issn0161-8938
dc.identifier.scopus2-s2.0-105032560095
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1016/j.jpolmod.2026.02.007
dc.identifier.urihttps://hdl.handle.net/20.500.12899/4858
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherElsevier B.V.
dc.relation.ispartofJournal of Policy Modeling
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_Scopus_20260612
dc.subjectAsymmetry
dc.subjectExchange Rate
dc.subjectFragile Five
dc.subjectInflation
dc.subjectInterest Rate
dc.subjectNon-Linearity
dc.subjectPass-Through Effect
dc.titleAsymmetric and non-linear pass-through effect of exchange rate on inflation: Evidence from the Fragile Five countries
dc.typeArticle

Dosyalar

Koleksiyon

Scopus İndeksli Yayınlar Koleksiyonu