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Pass-Through of Exchange Rates and Import Prices to Domestic Inflation in Some Industrialized Economies
McCarthy, Jonathan - 2006
This paper examines the impact of exchange rates and import prices on the domestic producer price index and consumer … exchange rates have a modest effect on domestic price inflation while import prices have a stronger effect. Pass-through is … larger in countries with a larger import share and more persistent exchange rates and import prices. Over 1996-98, these …
Persistent link: https://www.econbiz.de/10012735687
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Exchange Rate Pass-Through and the Inflation Environment in Industrialized Countries : An Empirical Investigation
Bailliu, Jeannine; Fujii, Eiji - 2004
change in the monetary policy regime. More specifically, the results suggest that pass-through to import, producer, and …
Persistent link: https://www.econbiz.de/10014070929
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Global inflation synchronization
Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska - 2019
We study the extent of global inflation synchronization using a dynamic factor model in a large set of countries over a half century. Our methodology allows us to account for differences across groups of countries (advanced economies and emerging market and developing economies) and to analyze...
Persistent link: https://www.econbiz.de/10011980916
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Exchange rates and consumer prices : evidence from Brexit
Breinlich, Holger; Leromain, Elsa; Novy, Dennis; … - 2019
United Kingdom. Our identification strategy uses input-output linkages to account for heterogeneity in exposure to import … import shares in consumer expenditure. This effect is driven by both direct consumption of imported goods and the use of … imported inputs in domestic production. Our results are consistent with complete pass-through of import costs to consumer …
Persistent link: https://www.econbiz.de/10012157863
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Oil Price Pass-Through into Inflation
Chen, Shiu‐Sheng - 2008
In this paper, I use data from 19 industrialized countries to investigate the oil price pass-through into inflation across countries and over time. A time-varying pass-through coefficient is estimated and the determinants of the recent declining effects of oil shocks on inflation are...
Persistent link: https://www.econbiz.de/10012772975
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Oil Price Pass-Through into Core Inflation
Conflitti, Cristina - 2017
This work estimates the effect that fluctuations in oil prices have on changes in consumer prices in both the United States and the euro area. For many of the basic items in the basket of goods used to estimate inflation, the effects of oil price trends are divided into two components: the first...
Persistent link: https://www.econbiz.de/10012941998
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Large devaluations and inflation inequality : evidence from Brazil
Gouvêa, Raphael Rocha - 2020
In the aftermath of large devaluations, prices of tradable goods/lower-priced varieties increase significantly more than the prices of nontradables/higher-priced varieties. These relative price changes may lead to inflation inequality when household consumption baskets are different across the...
Persistent link: https://www.econbiz.de/10012239519
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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
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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
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Exchange rate pass-through in the euro area and EU countries
Ortega, Eva; Osbat, Chiara - 2020
Aggregate exchange rate pass-through (ERPT) to import and consumer prices in the EU is currently lower than it was in … structural characteristics explain ERPT across industries or sectors: (i) import content of consumption, (ii) share of imports …
Persistent link: https://www.econbiz.de/10012206373