Asymmetric Exchange-Rate Pass-Through to Inflation in Iraq: Nonlinear ARDL Evidence from Three Monetary Regimes, 1990–2023
This paper examines whether depreciations and appreciations of the Iraqi dinar are transmitted to consumer-price inflation symmetrically or asymmetrically over the period 1990–2023, a sample that spans the sanctions-era hyperinflation (1990–2003), the post-reform stabilization (2003–2014), and the recent oil-shock and...