Ferrucci, Gianluigi; Jiménez-Rodríguez, Rebeca; … - In: International Journal of Central Banking 8 (2012) 1, pp. 179-218
In this paper we analyze the pass-through of a commodity price shock along the food price chain in the euro area. Departing from the existing literature, which focuses on food commodity prices as quoted in international markets, we use a novel database that accounts for the role of the Common...