Exchange rate pass-through into import prices in Jordan

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    1 Citation (Scopus)


    This paper investigates the exchange rate pass-through into import prices on aggregate and disaggregates data levels in Jordan. We employ the bounds testing approach to cointegration and error correction model in a sample of annual data over the period 1976-2011. This fundamental topic has considerable policy implications. The current paper concludes that nominal exchange rate fluctuations and oil prices are the core determinants of import prices either on aggregate or disaggregate data level. The short-run and long-run nominal exchange rate pass-through elasticities coefficients in Jordan are incomplete and equal to 0.13. Besides, in the short-run, oil prices have larger effect on Jordan's import prices compared to nominal exchange fluctuations.

    Original languageEnglish
    Pages (from-to)109-128
    Number of pages20
    JournalGlobal Economy Journal
    Issue number1
    Publication statusPublished - Apr 1 2013


    • Exchange rate pass-through
    • Import prices
    • Incomplete pass-through
    • Jordan economy

    ASJC Scopus subject areas

    • Economics, Econometrics and Finance(all)


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