Pass-through of external shocks to inflation in Sri Lanka /

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Bibliographic Details
Author / Creator:Duma, Nombulelo, author.
Imprint:[Washington, D.C.?] : International Monetary Fund, ©2008.
Description:1 online resource (26 pages) : illustrations
Language:English
Series:IMF working paper, 2227-8885 ; WP/08/78
IMF working paper ; WP/08/78.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12496928
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Other authors / contributors:International Monetary Fund. Asia and Pacific Department.
ISBN:1283518252
9781283518253
1451913931
9781451913934
1462397174
9781462397174
1451987293
9781451987294
9786613830708
6613830704
Notes:Includes bibliographical references (pages 25-26).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
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Print version record.
Summary:This paper investigates pass-through of external shocks (exchange rate, oil price, and import price shocks) to inflation in Sri Lanka. The analysis is based on a vector autoregression (VAR) model that incorporates a distribution chain of pricing. The paper finds low and incomplete pass-through of external shocks to consumer inflation, reflecting a combination of factors including the existence of administered prices, high content of food in the consumption basket, and low persistence and volatility of the exchange rate. External shocks explain about 25 percent of the variation in consumer price inflation, reflecting room for domestic policies in controlling inflation.
Other form:Print version: Duma, Nombulelo. Pass-through of external shocks to inflation in Sri Lanka. [Washington, D.C.?] : International Monetary Fund, ©2008
Standard no.:10.5089/9781451913934.001