Pass-Through of Imported Input Prices to Domestic Producer Prices.
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Author / Creator: | Ahn, JaeBin. |
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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 |
ISBN: | 1498332056 1498332048 9781498332040 9781498332057 1498331947 |
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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 |
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