Pass-through of imported input prices to domestic producer prices : evidence from sector-level data /

Pass-through of imported input prices to domestic producer prices : evidence from sector-level data /

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Bibliographic Details
Author / Creator:	Ahn, JaeBin., (IMF staff)
Imprint:	[Washington, D.C.] : International Monetary Fund, 2016. ©2016
Description:	1 online resource (24 pages) : illustrations
Language:	English
Series:	IMF Working Paper, 1018-5941 ; WP/16/23 IMF working paper ; WP/16/23.
Subject:	Imports -- Prices -- Korea (South) -- Econometric models. Consumer goods -- Prices -- Korea (South) -- Econometric models. Inflation (Finance) -- Korea (South) -- Econometric models. Exchange rate pass-through -- Korea (South) -- Econometric models. Imports -- Prices -- Econometric models. Inflation (Finance) -- Econometric models. Korea (South)
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12504866

Hidden Bibliographic Details
Other authors / contributors:	Park, Chang-Gui, author. Park, Chanho, author. International Monetary Fund. Research Department, issuing body.
ISBN:	1475522282 9781475522280 9781475522280
ISSN:	1018-5941
Notes:	"February 2016." "Research Department." Includes bibliographical references (pages 14-15). Online resource; title from pdf title page (IMF.org Web site, viewed April 1, 2016).
Summary:	Motivated by stylized facts pointing to a dominant role of imported inputs in transmitting external price shocks to domestic prices, this paper zooms in to study the pass-through of imported input costs to domestic producer prices. Our approach constructs effective input price indices from sector-level price data combined with sector-level information on input-output linkages. Applying an error correction model specification to sector-level output and input prices, the long-run pass-through rate of effective imported input costs to domestic producer prices is estimated to be around 70 percent in Korea and almost 100 percent in selected European countries.--Abstract.
Other form:	Print Version: Ahn, JaeBin. Pass-Through of Imported Input Prices to Domestic Producer Prices : Evidence from Sector-Level Data. Washington, D.C. : International Monetary Fund, 2016 9781475522280
Standard no.:	10.5089/9781475522280.001

Description
Summary:	Motivated by stylized facts pointing to a dominant role of imported inputs in transmitting external price shocks to domestic prices, this paper zooms in to study the pass-through of imported input costs to domestic producer prices. Our approach constructs effective input price indices from sector-level price data combined with sector-level information on input-output linkages. Applying an error correction model specification to sector-level output and input prices, the long-run pass-through rate of effective imported input costs to domestic producer prices is estimated to be around 70 percent in Korea and almost 100 percent in selected European countries.
Item Description:	"February 2016." "Research Department."
Physical Description:	1 online resource (24 pages) : illustrations
Bibliography:	Includes bibliographical references (pages 14-15).
ISBN:	1475522282 9781475522280
ISSN:	1018-5941 1018-5941 ;