that the oil price passes through core inflation only via its effect on the whole economy. This pass-through is estimated …

US inflation has reached its highest level in decades with academics and the media alike citing supply chain … of bidirectional causality between CPI and PPI inflation. When disaggregating down to commodity-specific PPIs, we find …

markups, quality and productivity while measuring/interpreting the pass-through of trade costs into welfare. Robust to the … consideration of variable versus constant markups, there is evidence for incomplete pass-through, mostly due to the negative … higher marginal costs; markups are affected relatively less. When the effects of trade costs on marginal costs are further …

-through (ERPT) is an important topic in international economics. This paper studies this using a goods-level dataset of US-China … trade prices collected by the US Bureau of Labor Statistics. We document that the duration of US-China trade prices has … declined almost 30% since China abandoned its hard peg to the US dollar in June 2005. A benchmark menu cost model that is …