IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-030-98865-4_7.html
   My bibliography  Save this book chapter

Exchange Rate and Inflation Dynamics, and Monetary Policy in Haiti

In: Contemporary Issues Within Caribbean Economies

Author

Listed:
  • Yves Nithder Pierre

    (Money and Economic Analysis Department)

Abstract

Inflation is recurrent and relatively strong in Haiti, a small Caribbean open economy plagued by debilitating factors including sluggish economic growth and low saving rates. The inflation process is fed by a permanent monetary expansion, consistent with standard theory. The monetary effect is also amplified by other factors such as inertia, price-setting behavior in the stagnating economy, and by the effects of relative price changes, particularly the pass-through of exchange rate changes on the consumer price index (CPI). The chapter investigates the effects—and their strength—on the dynamics of inflation in Haiti with some conventional econometric methods using quarterly data from different sources including the central bank from 1996 to 2018. It also analyzes the strength and the stability of this dynamics—and quite complex—relationship. Finally, it brings out how the monetary policy impacts their relationship, and the impediments that prevent the monetary policy framework from being effective in stabilizing inflation in Haiti.

Suggested Citation

  • Yves Nithder Pierre, 2022. "Exchange Rate and Inflation Dynamics, and Monetary Policy in Haiti," Springer Books, in: Colin Cannonier & Monica Galloway Burke (ed.), Contemporary Issues Within Caribbean Economies, chapter 0, pages 133-165, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-98865-4_7
    DOI: 10.1007/978-3-030-98865-4_7
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-030-98865-4_7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.