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Pass-Through of Imported Input Prices to Domestic Producer Prices.
Motivated by stylized facts pointing to a dominant role of imported inputs in transmittingexternal price shocks to domestic prices, this paper zooms in to study the pass-through ofimported input costs to domestic producer prices. Our approach constructs effective inputprice indices from sector-level...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
International Monetary Fund,
2016.
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| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | Motivated by stylized facts pointing to a dominant role of imported inputs in transmittingexternal price shocks to domestic prices, this paper zooms in to study the pass-through ofimported input costs to domestic producer prices. Our approach constructs effective inputprice indices from sector-level price data combined with sector-level information oninput-output linkages. Applying an error correction model specification to sector-leveloutput and input prices, the long-run pass-through rate of effective imported input costs todomestic producer prices is estimated to be around 70 percent in Kor. |
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| Descripción Física: | 1 online resource |
| ISBN: | 1498332056 1498332048 9781498332040 9781498332057 |