Powered by OpenAIRE graph
Found an issue? Give us feedback
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ https://doi.org/10.2...arrow_drop_down
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
https://doi.org/10.21203/rs.3....
Article . 2025 . Peer-reviewed
License: CC BY
Data sources: Crossref
https://doi.org/10.2139/ssrn.5...
Article . 2025 . Peer-reviewed
Data sources: Crossref
versions View all 2 versions
addClaim

The Pass-Through Effect of Exchange Rate in the ECOWAS: Empirical Evidence from the ARDL Panel Model

Authors: Mouhamed SECK;

The Pass-Through Effect of Exchange Rate in the ECOWAS: Empirical Evidence from the ARDL Panel Model

Abstract

Abstract This paper investigates the effect of the exchange rate, in relation to the type of exchange rate regime, on inflation rates in ECOWAS. To this end, we assess the impact of the exchange rate on inflation (ERPT) by distinguishing between countries with a fixed exchange rate regime (WAEMU and Cabo Verde) and countries with a f lexible exchange rate regime (WAMZ). Applying the ARDL panel model, the results obtained from estimating the ERPT show an incomplete pass-through effect for the ECOWAS countries, the WAEMU and Cabo-Verde countries, and for the WAMZ countries. For fixed exchange rate countries, the exchange rate pass-through is positive and significant in the short term. In fact, a real appreciation of the exchange rate of 1% leads to an increase in the price level in the WAEMU and Cape Verde of 0.20% in the short term and 0.16% in the long term, which is not significant. For countries with a flexible exchange rate, the significant effect of the pass-through is noted in the short and long term. A 1% loss of competitiveness leads to inflation of 0.13% in the short term and disinflation of 0.8% in the long term. JEL classification: F31; E31; F15; C23; N17

Related Organizations
  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    0
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
hybrid