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Full-Text Articles in Macroeconomics
Economic Anomalies Following The Handover Of Hong Kong, Nathan Martin
Economic Anomalies Following The Handover Of Hong Kong, Nathan Martin
Economics Undergraduate Honors Theses
This paper seeks to examine and provide a possible explanation for economic anomalies in Hong Kong following its handover to China. Hong Kong was on a 99-year lease to the United Kingdom from China before being handed back over July 1st, 1997. Due to the “one country, two systems” policy espoused in the handover agreement that was to be implemented for fifty years, this event marks a rare natural experiment of a peaceful regime change without a significant change in governance. This paper seeks to understand the impact of the act of regime change on selected key macroeconomic …
Revisiting The Exchange Rate Pass- Through To Domestic Prices In Egypt, Ahmed Abdelhamid
Revisiting The Exchange Rate Pass- Through To Domestic Prices In Egypt, Ahmed Abdelhamid
Theses and Dissertations
Exchange rate pass-through (ERPT) refers to the extent to which the movements in the exchange rate influence domestic prices. This study revisits the exchange rate pass-through in Egypt using quarter data from 2006 to 2022. The study employs a Structural Vector Autoregression (SVAR) model to estimate the degree of ERPT. The findings suggest that ERPT in Egypt is incomplete, meaning that changes in the exchange rate do not fully pass through to consumer prices. The study also investigates the role of the money supply in absorbing the shocks in the nominal exchange rate. The study has important implications for policymakers …