the relationship between invoicing currency choices and the response of import prices to exchange rate changes. We find … that for transactions invoiced in a vehicle currency, import prices are much more sensitive to changes in the vehicle … currencies. Our results help to explain the higher-than-expected pass-through into import prices during the Great Recession and …

import prices only to a small extent, it may have a substantial impact on inflation, as it exerts a sizeable impact on the … affected US prices. Thus, the pre-2005 period is used to filter out the effects of other exchange rates on import and producer … prices. Additionally, utilizing the remainder of the sample, the pure effect of an RMB appreciation on US import prices and …

This paper studies exchange rate pass-through to food and energy consumer price inflation and its dependence on the … inflation environment using cross-country panel estimation of Phillips curves. It considers a large panel of OECD member and … inflation and also significant for food CPI inflation. A 10% depreciation in the exchange rate leads to an increase in energy …

This paper examines the causal effects of shifts in international food commodity prices on euro area inflation dynamics …%- 30% of inflation volatility. In addition, large autonomous swings in international food prices contributed significantly … to the twin puzzle of missing disinflation and missing inflation in the era after the Great Recession. Specifically …

the relationship between invoicing currency choices and the response of import prices to exchange rate changes. We find … that for transactions invoiced in a vehicle currency, import prices are much more sensitive to changes in the vehicle … currencies. Our results help to explain the higher-than-expected pass-through into import prices during the Great Recession and …

United Kingdom. Our identification strategy uses input-output linkages to account for heterogeneity in exposure to import … costs across product groups. We show that, after the referendum, inflation increased by more for product groups with higher … import shares in consumer expenditure. This effect is driven by both direct consumption of imported goods and the use of …

inflation by using a Nonlinear ARDL (NARDL) model, which is compared to a benchmark linear ARDL one. Using monthly data from the …, especially negative ones, have a stronger impact on inflation than OPU ones and capture some of the monetary policy uncertainty …, thereby reducing the direct effect of interest rate changes on inflation. Since EPU shocks reflect, at least to some extent …