More on the energy/nonenergy price link
This note re-examines the energy/nonenergy price link. Using annual data from the period 1960 to 2008, it finds that the pass-through of energy price changes to the overall nonenergy commodity index is 0.28. At a more disaggregated level, the fertilizer index exhibited the largest pass-through (0.55), followed by agriculture (0.26) and metals (0.25).
Year of publication: |
2010
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Authors: | Baffes, John |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 17.2010, 16, p. 1555-1558
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Publisher: |
Taylor & Francis Journals |
Saved in:
freely available
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