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Book Cover
E-book
Author Ahn, JaeBin.

Title Pass-Through of Imported Input Prices to Domestic Producer Prices
Published International Monetary Fund, 2016

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Description 1 online resource
Contents 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
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
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
Notes Print version record
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)
Form Electronic book
ISBN 1498332056
1498332048
9781498332040
9781498332057