This paper is an attempt to gauge the relationship between the long run paths of consumer price index and wholesale price index of Pakistan. For the empirical analysis the Johansen cointegration technique has been applied on monthly data (1978 to 2010) of WPI and CPI

This paper analyzes the transmission from global commodity to domestic food prices for a large set of countries. First, a theoretical model is developed to explain price transmission for different trade regimes. Drawing from the competitive storage model under rational expectations, it is shown...

A possible relationship between the Consumer Price Index and the Wholesale Price Index has been analyzed for long and short-run relationships. Conventional Engle and Granger [Estimation Test Econ. 55(1987) 2251–276] and Johansen's [J. Econ. Dyn. Control 12 (1988) 231–254] cointegration tests...

We apply linear and non-linear Granger causality tests to four U.S. price indices and 31 commodity series, which expand a 54-year period (January 1957–December 2011). We find evidence of linear Granger causality mostly from individual commodities to price indices. The latter, however, seem to...

After the Net Book Agreement was abandoned in 1995 and struck down by the Restrictive Practices Court in 1997, retail book prices were widely expected to fall. Despite deeper and wider retail discounts, official indices show that book prices have subsequently risen more than general inflation....

Between 1995 and 2004, I find that airline prices fell more than 20% adjusted for inflation. I also show that premia at hub airports declined and that there is now substantially less disparity between the cheaper and more expensive airports than there was a decade ago. Still, I find that prices...

We decompose core CPI and the food and energy CPI measures into permanent and transitory components using a correlated unobserved components model, to examine the behavior of core CPI when subject to shocks and to examine the claim that core CPI captures the persistent part of headline CPI. We...

The present article proposes a new approach to compare mobile communication service prices among different communications service providers. To this end, a hedonic model based on monthly phone bills is employed that relates billed amounts and the quantities of consumed mobile communication...

Construction prices in developing countries in ICP 2005 are lower relative to prices in developed countries than in earlier versions of the ICP. Our estimates of the Colombia/U.S. ratio of prices for office buildings demonstrate that the ICP 2005 price ratio for these countries is substantially...