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Consumer Substitution, Cost of Living Indices and Exchange Rate in Argentina - First Part : 1960-1995

Maletta, Hector E. - 2009

This paper reviews the theory of the true cost of living index and its approximation through superlative index numbers, as well as the Vartia quantum theory of bias in index numbers as applied to substitution bias in consumer price indices. Estimated adjustments are proposed for the Argentine...

Persistent link: https://www.econbiz.de/10013157852

Measuring the Impact of Price Changes on Poverty

Kakwani, Nanak; Son, Hyun H. - 2010

This paper develops a methodology to measure the impact of price changes on poverty measured by an entire class of additive separable poverty measures. This impact is captured by means of price elasticity of poverty. The total effect of changes in price on poverty is explained in terms of two...

Persistent link: https://www.econbiz.de/10014052506

Why Has Core Inflation Remained so Muted in the Face of the Oil Shock?

Noord, Paul Joseph van den; André, Christophe - 2010

" - to which observed inflation reverts after a shock has worked its way through - and persistent slack in the aftermath of …

Persistent link: https://www.econbiz.de/10014194593

Global Value Chains and the transmission of exchange rate shocks to consumer prices

RPS Submitter, Banque de France; Camatte, Hadrien; … - 2021

2015. To fill this gap, we approximate the impact of an exchange rate shock on the HCE deflator from 2016 onwards using up …

Persistent link: https://www.econbiz.de/10013231734

Core inflation in the Euro area : evidence from the structural VAR approach

Hahn, Elke - 2002 - This version: April 2002

Against the difficult background of analysing aggregated data in this paper core inflation in the euro area is estimated by means of the structural vector autoregressive approach. We demonstrate that the HICP sometimes seems to be a misleading indicator for monetary policy in the euro area. We...

Persistent link: https://www.econbiz.de/10009767687

The shocks matter : improving our estimates of exchange rate pass-through

Forbes, Kristin; Hjortsoe, Ida; Nenova, Tsvetelina - 2015

A major challenge for monetary policy has been predicting how exchange rate movements will impact inflation. We propose a new focus: incorporating the underlying shocks that cause exchange rate fluctuations when evaluating how these fluctuations "pass through" into import and consumer prices. We...

Persistent link: https://www.econbiz.de/10011384119

Determinants of consumer price inflation versus producer price inflation in Asia

Juthathip Jongwanich; Wongcharoen, Petchtharin; Park, … - 2016

We empirically examine and compare the determinants of producer and consumer price inflation in 10 Asian economies during 2000-2015. In this connection, we also investigate the pass-through of global oil prices, global food prices, and exchange rates to domestic producer and consumer prices....

Persistent link: https://www.econbiz.de/10011579513

Shocks versus structure : explaining differences in exchange rate pass-through across countries and time

Forbes, Kristin; Hjortsoe, Ida; Nenova, Tsvetelina - 2017

We show that exchange rate pass-through to consumer prices varies not only across countries, but also over time. Previous literature has highlighted the role of an economy's "structure" - such as its inflation volatility, inflation rate, use of foreign currency invoicing, and openness - in...

Persistent link: https://www.econbiz.de/10011671018

Conditional exchange rate pass-through : evidence from Sweden

Corbo, Vesna; Di Casola, Paola - 2018

The pass-through from exchange rate changes to inflation differs depending on the underlying shock. This paper … exchange rate following a certain exogenous shock, with a structural econometric approach using data for Sweden, a small … shock is rather small. Importantly, this shock is not the most important driver of exchange rate fluctuations, unlike what …

Persistent link: https://www.econbiz.de/10011806006

Rising Market Concentration and the Decline of Food Price Shock Pass-Through to Core Inflation

Brown, Jason P. - 2019

Using a vector autoregression that allows for time-varying parameters and stochastic volatility, we show that U.S. core inflation became 75 percent less responsive to shocks in food prices since the late 1970s. The decline in the pass-through of food price shocks to inflation is a result of a...

Persistent link: https://www.econbiz.de/10012867843