01785cas a2200241 a 4500 AALejournalIMF011893 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475503982 1018-5941 BD-DhAAL BD-DhAAL Razafimahefa, Ivohasina. Exchange Rate Pass-Through in Sub-Saharan African Economies and its Determinants / Ivohasina Razafimahefa. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (24 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper analyzes the exchange rate pass-through to domestic prices and its determinants in sub-Saharan African countries. It finds that the pass-through is incomplete. The pass-through is larger following a depreciation than after an appreciation of the local currency. The average elasticity is estimated at about 0.4. It is lower in countries with more flexible exchange rate regimes and in countries with a higher income. A low inflation environment, a prudent monetary policy, and a sustainable fiscal policy are associated with a lower pass-through. The degree of pass-through has declined in the SSA region since the mid-1990s following marked improvements in macroeconomic and political environments. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2012/141 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/141/001.2012.issue-141-en.xml IMF e-Library