Baffes, John - In: Applied Economics Letters 17 (2010) 16, pp. 1555-1558
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...