Description |
1 online resource |
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text file |
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. |
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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. |
Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
Subject |
Imports -- Prices -- Korea (South) -- Econometric models.
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Imports -- Prices. |
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Korea (South) |
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Econometric models. |
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Imports. |
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Consumer goods -- Prices -- Korea (South) -- Econometric models.
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Consumer goods -- Prices. |
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Consumer goods. |
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Inflation (Finance) -- Korea (South) -- Econometric models.
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Inflation (Finance) |
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Exchange rate pass-through -- Korea (South) -- Econometric models.
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Exchange rate pass-through. |
Genre/Form |
Electronic books.
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Other Form: |
Print version: 1475522282 |
ISBN |
1498332056 (e-book) |
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1498332048 |
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9781498332040 |
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9781498332057 (electronic book) |
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1498331947 |
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