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This paper estimates monthly pass-through ratios from import prices to consumer prices in real time. Conventional time … series methods impose restrictions to generate exogenous shocks on exchange rates or import prices when estimating pass …-through coefficients. Instead, a natural experiment based on data releases defines our shock to foreign prices. Our estimation strategy …
Persistent link: https://www.econbiz.de/10005367960
Persistent link: https://www.econbiz.de/10005346054
Persistent link: https://www.econbiz.de/10005346116
The Harmonized Index of Consumer Prices (HICP) is the primary measure of inflation in the euro area, and plays a … stability as "…a year-on-year increase in the Harmonised Index of Consumer Prices (HICP) for the euro area of below 2 percent …
Persistent link: https://www.econbiz.de/10005346151
-intensive sectors. We utilize this sectoral difference in how exports are affected by growth to identify the causal effect of trade with … downward pressure on U.S. producer prices and a large effect on productivity. When LIC exporters capture 1% U.S. market share …, producer prices decrease by 3.1%, which is nearly fully accounted by a 2.4% increase in productivity and a 0.4% decrease in …
Persistent link: https://www.econbiz.de/10004993847
Volatile and persistent real exchange rates are observed not only in aggregate series but also on the individual good level data. Kehoe and Midrigan (2007) recently showed that, under a standard assumption on nominal price stickiness, empirical frequencies of micro price adjustment cannot...
Persistent link: https://www.econbiz.de/10005712527
national average prices for the 59 item prices using population weights instead of the equal weight formula used by ACCRA. This …
Persistent link: https://www.econbiz.de/10008489197
We study a newly constructed panel data set of relative prices of a large number of consumer goods among 31 European …
Persistent link: https://www.econbiz.de/10008475888
This paper reviews various approaches to the measurement of core inflation that have been proposed in recent years. The objective is to determine whether the European Central Bank (ECB) should pay special attention to one or other of these measures in assessing inflation developments in the euro...
Persistent link: https://www.econbiz.de/10005490301
German real activity. The key shocks that drove the rise in the German current account tended to worsen the REA trade balance …
Persistent link: https://www.econbiz.de/10010772600