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This paper aims at showing heterogeneity in the degree of exchange rate pass-through to import prices in major advanced …
Persistent link: https://www.econbiz.de/10003775721
This paper aims at showing heterogeneity in the degree of exchange rate pass-through to import prices in major advanced …
Persistent link: https://www.econbiz.de/10012770624
This paper examines the impact of exchange rates and import prices on the domestic producer price index and consumer … exchange rates have a modest effect on domestic price inflation while import prices have a stronger effect. Pass-through is … larger in countries with a larger import share and more persistent exchange rates and import prices. Over 1996-98, these …
Persistent link: https://www.econbiz.de/10012735687
This paper aims at showing heterogeneity in the degree of exchange rate pass-through to import prices in major advanced …
Persistent link: https://www.econbiz.de/10011604979
change in the monetary policy regime. More specifically, the results suggest that pass-through to import, producer, and …
Persistent link: https://www.econbiz.de/10014070929
We study the extent of global inflation synchronization using a dynamic factor model in a large set of countries over a half century. Our methodology allows us to account for differences across groups of countries (advanced economies and emerging market and developing economies) and to analyze...
Persistent link: https://www.econbiz.de/10011980916
United Kingdom. Our identification strategy uses input-output linkages to account for heterogeneity in exposure to import … import shares in consumer expenditure. This effect is driven by both direct consumption of imported goods and the use of … imported inputs in domestic production. Our results are consistent with complete pass-through of import costs to consumer …
Persistent link: https://www.econbiz.de/10012157863
In this paper we analyse in a mark-up framework the pass-through of commodity price and exchange rate shocks to the main components of producer and consumer prices. Thereby we link movements in prices at the different production stages as firms set their prices as a mark-up over production...
Persistent link: https://www.econbiz.de/10003963792
This paper examines the factors underlying the stability of inflation observed following devaluations of the Spanish peseta, which took place during the 1992-93 Exchange Rate Mechanism (ERM) crisis. The long-run equilibrium relationships between the exchange rate and the aggregate price indices...
Persistent link: https://www.econbiz.de/10012781996
This work estimates the effect that fluctuations in oil prices have on changes in consumer prices in both the United States and the euro area. For many of the basic items in the basket of goods used to estimate inflation, the effects of oil price trends are divided into two components: the first...
Persistent link: https://www.econbiz.de/10012941998