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An Empirical Model of International and Domestic Food Inflation

Author

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  • Javier Gómez Pineda

Abstract

En empirical model of the pass-through of international to domestic food inflation is proposed. The key liking variable between international and domestic food inflation of food products in the PPI for food imports and exports. Not only the inflation rates of the relevant countries but also their exchange rates can exert important influences on the prices of imported and exported food products.

Suggested Citation

  • Javier Gómez Pineda, 2008. "An Empirical Model of International and Domestic Food Inflation," Borradores de Economia 512, Banco de la Republica de Colombia.
  • Handle: RePEc:bdr:borrec:512
    DOI: 10.32468/be.512
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    Keywords

    Food inflation; International food inflation.;

    JEL classification:

    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications

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