{ "title": "Suriname: Selected Issues", "publication": "IMF Staff Country Reports, December 23, 2019", "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/12/23/suriname-selected-issues-48917", "canonical": "https://www.imf.org/en/publications/cr/issues/2019/12/23/suriname-selected-issues-48917", "overlayPath": "/en/publications/cr/issues/2019/12/23/suriname-selected-issues-48917/index.md", "summary": "This Selected Issues paper on Suriname analyzes exchange rate pass through in Suriname. While the previous studies exclusively focused on the bilateral exchange rate against the US dollar, this study, in addition, estimates exchange rate passthrough using the nominal effective exchange rate.", "sections": [ { "heading": "Overview", "content": "- Paper analyzes exchange rate pass through in Suriname.\n- Extends previous studies by estimating exchange rate passthrough using the nominal effective exchange rate in addition to the bilateral exchange rate against the US dollar.\n- Notes the importance of the euro due to Suriname's historic connections with the Netherlands and proximity to French Guyana.\n- First study to investigate how various subcomponents of the consumer price index respond differently to exchange rate variations for Suriname.\n- Pages: 14; Issue: 392; Volume: 2019; Series: Country Report No. 2019/392; ISBN: 9781513524504; ISSN: 1934-7685; DOI: https://doi.org/10.5089/9781513524504.002" }, { "heading": "Methodology and scope", "content": "- Uses the nominal effective exchange rate as well as the bilateral US dollar exchange rate.\n- Examines CPI aggregate and various CPI subcomponents.\n- Sample periods reported: 1980-2019 and 2000-19." }, { "heading": "Key findings", "content": "- Cumulative exchange rate passthrough estimates:\n - Around 0.4 (0.6) over six months for the entire sample of 1980-2019 (2000-19).\n - 0.6 (0.7) over one year for the entire sample of 1980-2019 (2000-19).\n- A more systemic analysis indicates that the exchange rate passthrough has been declining and becoming more short-lived in recent years.\n- Emphasizes heterogeneous responses across CPI subcomponents to exchange rate variations." }, { "heading": "Policy-relevant implications", "content": "- Monitoring the nominal effective exchange rate is crucial given the role of the euro in the economy.\n- Heterogeneous CPI responses suggest targeted monitoring of price subcomponents when assessing inflation dynamics and monetary policy transmission.\n- The decline and shortening duration of passthrough imply that exchange rate shocks may have weaker and more transient effects on headline inflation than in earlier decades.\n\nInternational Monetary Fund. \"Suriname: Selected Issues\", IMF Staff Country Reports 2019, 392 (2019), DOI: https://doi.org/10.5089/9781513524504.002\n\n---\n\n Content in this bundle\n\n- Suriname: Selected Issues; IMF Country Report No. 19/392; November 19, 2019\n - Suriname: Selected Issues; IMF Country Report No. 19/392; November 19, 2019 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Suriname: Selected Issues; IMF Country Report No. 19/392; November 19, 2019 (PDF){rel=\"external\" type=\"application/pdf\"}" } ], "bullets": [ "[Markdown version](/en/publications/cr/issues/2019/12/23/suriname-selected-issues-48917/index.md)", "[Structured JSON version](/en/publications/cr/issues/2019/12/23/suriname-selected-issues-48917/index.json)", "[Bundle manifest](/en/publications/cr/issues/2019/12/23/suriname-selected-issues-48917/bundle-manifest.json)", "Published: December 23, 2019", "Series: IMF Staff Country Reports", "DOI: https://doi.org/10.5089/9781513524504.002", "Paper analyzes exchange rate pass through in Suriname.", "Extends previous studies by estimating exchange rate passthrough using the nominal effective exchange rate in addition to the bilateral exchange rate against the US dollar.", "Notes the importance of the euro due to Suriname's historic connections with the Netherlands and proximity to French Guyana.", "First study to investigate how various subcomponents of the consumer price index respond differently to exchange rate variations for Suriname.", "Pages: 14; Issue: 392; Volume: 2019; Series: Country Report No. 2019/392; ISBN: 9781513524504; ISSN: 1934-7685; DOI: https://doi.org/10.5089/9781513524504.002", "Uses the nominal effective exchange rate as well as the bilateral US dollar exchange rate.", "Examines CPI aggregate and various CPI subcomponents.", "Sample periods reported: 1980-2019 and 2000-19.", "Cumulative exchange rate passthrough estimates:", "A more systemic analysis indicates that the exchange rate passthrough has been declining and becoming more short-lived in recent years.", "Emphasizes heterogeneous responses across CPI subcomponents to exchange rate variations.", "Monitoring the nominal effective exchange rate is crucial given the role of the euro in the economy.", "Heterogeneous CPI responses suggest targeted monitoring of price subcomponents when assessing inflation dynamics and monetary policy transmission.", "The decline and shortening duration of passthrough imply that exchange rate shocks may have weaker and more transient effects on headline inflation than in earlier decades.", "**Suriname: Selected Issues; IMF Country Report No. 19/392; November 19, 2019**" ], "related": [ { "title": "Suriname: Selected Issues; IMF Country Report No. 19/392; November 19, 2019", "role": "document", "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2019/1surea2019002.pdf", "summary": { "path": "/-/media/files/publications/cr/2019/1surea2019002.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/files/publications/cr/2019/1surea2019002.pdf", "mime": "application/pdf" } } ], "alternates": { "markdown": "/en/publications/cr/issues/2019/12/23/suriname-selected-issues-48917/index.md", "json": "/en/publications/cr/issues/2019/12/23/suriname-selected-issues-48917/index.json", "bundleManifest": "/en/publications/cr/issues/2019/12/23/suriname-selected-issues-48917/bundle-manifest.json" }, "generatedAtUtc": "2026-09-12T16:40:14.421Z" }