Inflation of Tradable Goods
AbstractThis paper explores which large economy blocks determine foreign inflation around the world. In the analysis, we focus on importable goods of 15 countries ranging from 1992 to 2002 at monthly basis. Using a SUR estimation, we find the US driving the inflation of importable goods around the world. However, decomposing the variation of importable good price indexes by frequency, by means of the Baxter-King approximate band pass filter, we find that the Euro and Asian areas might be a source of considerable inflation on the short run.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Instituto de Economia. Pontificia Universidad Católica de Chile. in its series Documentos de Trabajo with number 283.
Date of creation: 2005
Date of revision:
Publication status: Published as "Inflation of Tradable Goods", Applied Economics Letters, 2007.
Other versions of this item:
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jaime Casassus).
If references are entirely missing, you can add them using this form.