Hidden Bibliographic Details
Other authors / contributors: | International Monetary Fund. Asia and Pacific Department.
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ISBN: | 1283518252 9781283518253 1451913931 9781451913934 1462397174 9781462397174 1451987293 9781451987294 9786613830708 6613830704
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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. digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
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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.
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Other form: | Print version: Duma, Nombulelo. Pass-through of external shocks to inflation in Sri Lanka. [Washington, D.C.?] : International Monetary Fund, ©2008
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Standard no.: | 10.5089/9781451913934.001
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