scholarly journals Pass-Through of Imported Input Prices to Domestic Producer Prices: Evidence from Sector-Level Data

2016 ◽  
Vol 16 (23) ◽  
pp. 1 ◽  
Author(s):  
JaeBin Ahn ◽  
Chang-Gui Park ◽  
Chanho Park ◽  
◽  
◽  
...  
Keyword(s):  
Level Data ◽  
Producer Prices ◽  
Pass Through ◽  
Domestic Producer ◽  
Input Prices

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

2017 ◽  
Vol 17 (2) ◽  
Author(s):  
JaeBin Ahn ◽  
Chang-Gui Park ◽  
Chanho Park
Keyword(s):  
Dominant Role ◽  
Model Specification ◽  
Long Run ◽  
Level Data ◽  
Domestic Prices ◽  
Level Information ◽  
Producer Prices ◽  
Pass Through ◽  
Domestic Producer ◽  
Input Prices

AbstractMotivated 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.

scholarly journals Commodity price pass-through along the pricing chain

2021 ◽  
Author(s):  
Rebeca Jiménez-Rodríguez ◽  
Amalia Morales-Zumaquero
Keyword(s):  
Emerging Economies ◽  
Raw Materials ◽  
Commodity Prices ◽  
Commodity Price ◽  
Emerging Countries ◽  
Consumer Prices ◽  
Advanced Economies ◽  
The World ◽  
Producer Prices ◽  
Pass Through

AbstractThis paper analyses the commodity price pass-through along the pricing chain for the global commodity price index and the indices of its main categories (i.e., agricultural raw materials, food and beverages, energy and metals) in the world, advanced and emerging economies. To do so, the study considers country-by-country vector autoregression models and pool the results by taking weighted means for 18 advanced economies and 19 emerging countries, as well as for the world (defined as the sum of advanced and emerging economies). The results show the following: (i) there is evidence in favour of partial pass-through from commodity prices to producer prices, although the evidence for the pass-through to consumer prices is less evident; (ii) the pass-through in the world seems to be led by both advanced and emerging countries for producer prices and only by advanced economies for consumer prices; (iii) higher prices in the four categories (agricultural raw materials only in the short-run) induce significant higher producer prices in almost all cases, with shocks in the prices of energy and metals showing the largest effects; and (iv) energy prices explain the highest variability of producer and consumer prices.

scholarly journals Causality Analysis of the Factors Affecting the Consumer Price of Veal: The Case of Turkey

2020 ◽  
Vol 12 (15) ◽  
pp. 6257
Author(s):  
Burak Mat ◽  
Mehmet Saltuk Arikan ◽  
Mustafa Bahadir Çevrimli ◽  
Ahmet Cumhur Akin ◽  
Mustafa Agah Tekindal
Keyword(s):  
Production Costs ◽  
Causality Analysis ◽  
Short Term ◽  
Producer Price ◽  
Monthly Data ◽  
Factors Affecting ◽  
Producer Prices ◽  
Macro Variables ◽  
The Relationship ◽  
Input Prices

It is interesting to identify the reasons and the direction of the correlation between the input/output prices and the macro/micro parameters in animal production processes. In the present study, the time series of the monthly data between the years 2014 and 2019 were analyzed to examine the factors that affected the consumer price of carcass meat in Turkey. An attempt was made to identify the relationship between the consumer price of carcass meat and the prices of cattle fattening feed, the exchange rate of the dollar, producer price index (PPI), and the agricultural PPI, which were anticipated to affect the consumer price of carcass meat as determined by the Granger causality analysis. According to econometric analysis results, when there is a change in carcass producer price, cattle fattening feed and PPI in the short term, the consumer price of carcass meat is affected by this. The producer price of carcass and PPI variables are determined to be the cause of each other’s Granger. At the same time, the PPI variable and the consumer price of carcass meat and dollar rate variables were found to be the cause of each other’s Granger. If Turkey is to prevent the excessive fluctuations in the consumer- and producer-prices of carcass meat caused by macro variables, an effective price control mechanism should be put into practice. It seems that this change would be possible only by developing and implementing policies to lower the input prices and production costs.

INCOMPLETE EXCHANGE RATE PASS-THROUGH TRANSMISSION TO PRICES: AN SVAR MODEL FOR TUNISIA

2016 ◽  
Vol 11 (04) ◽  
pp. 1650017
Author(s):  
FATMA MARRAKCHI CHARFI ◽  
MOHAMED KADRIA
Keyword(s):  
Exchange Rate ◽  
Control Variable ◽  
Impulse Response Functions ◽  
Import Prices ◽  
Consumer Prices ◽  
Nominal Exchange Rates ◽  
Producer Prices ◽  
Pass Through ◽  
The Interest Rate ◽  
Exchange Rate Pass Through

In this paper, we tried to revisit the transmission degree of exchange rate variations to domestic prices (import prices, MPI; producer prices, PPI; and consumer prices, CPI) in Tunisia. To do this, we used the VAR–SVAR methodology, over the 2000:1–2013:12 period. The adopted mode is gathering national prices, nominal exchange rates, foreign prices and a control variable that is the interest rate. The findings highlights that the pass-through is incomplete for all considered prices. However, the degree of the exchange rate pass-through is the highest on import prices, is moderate on producer prices and is the lowest on consumer prices. Besides, the incomplete pass-through of MPI results from the pricing to market behavior and the lowest pass-through for CPI is due basically to the composition of this index which is administrated by 30% of its components. The impulse response functions analysis, that largely corroborates to the variance decomposition, shows that when the central bank conducts a restrictive monetary policy the inflation decreases without widening the output gap.

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