Pass-Through of Imported Input Prices to Domestic Producer Prices.

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Bibliographic Details
Author / Creator:Ahn, JaeBin.
Imprint:International Monetary Fund, 2016.
Description:1 online resource
Language:English
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12540628
Hidden Bibliographic Details
ISBN:1498332056
1498332048
9781498332040
9781498332057
1498331947
Notes:Print version record.
Summary: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.
Other form:Print version: 1475522282

MARC

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505 0 |a Cover; Contents; I. Introduction; II. Econometric Framework; A. Baseline Model; B. Empirical Strategy; III. Data and Empirical Results; A. Data; B. Estimation Results; C. Selected Eurozone Countries; IV. Conclusion; Figures; 1. Imports of Goods by End-Use Category; 2. Import Price Index in Korea; 3. Imported Inputs Use in Korean Manufacturing; 4. Import Price and Producer Price Index in Korea; 5. Inflation Dynamics in Korea; Tables; 1. Unit Root Tests for Korean Sector-level Price Series; 2. Baseline Error Correction Model (ECM) Estimation Results for Korea. 
505 8 |a 3. Extended Error Correction Model (ECM) Estimation Results for Korea (I)4. Extended Error Correction Model (ECM) Estimation Results for Korea (II); 5. Baseline Error Correction Model (ECM) Estimation Results for Selected European Countries; 6. Extended Error Correction Model (ECM) Estimation Results for Selected European Countries; References. 
520 |a 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. 
650 0 |a Imports  |x Prices  |z Korea (South)  |x Econometric models. 
650 0 |a Consumer goods  |x Prices  |z Korea (South)  |x Econometric models. 
650 0 |a Inflation (Finance)  |z Korea (South)  |x Econometric models. 
650 0 |a Exchange rate pass-through  |z Korea (South)  |x Econometric models. 
650 7 |a Imports  |x Prices  |x Econometric models.  |2 fast  |0 (OCoLC)fst00968215 
650 7 |a Inflation (Finance)  |x Econometric models.  |2 fast  |0 (OCoLC)fst00972453 
651 7 |a Korea (South)  |2 fast  |0 (OCoLC)fst01206791 
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