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Inflación Internacional Relevante para Costa Rica
[Relevant International Inflation for Costa Rica]

Author

Listed:
  • Leon, Jorge
  • Segura, Carlos
  • Vasquez, Jose Pablo

Abstract

This document analyzes different measures of international inflation and their influence on the domestic inflation. We found that these measurements have a statistical significant effect on the behavior of domestic inflation. Therefore the evolution of the international inflation must be considered when assessing the inflation target stated by monetary authority. The international inflation calculated using the weight of exports to different markets is the most relevant international inflation both in levels and in differences for the case of Costa Rica. Another element that the Central Bank should take into account when setting its inflation target is the fact that for the period 2001-2010 the different relevant measures of international inflation for Costa Rica lie in the range of 3% and 4%.

Suggested Citation

  • Leon, Jorge & Segura, Carlos & Vasquez, Jose Pablo, 2011. "Inflación Internacional Relevante para Costa Rica [Relevant International Inflation for Costa Rica]," MPRA Paper 44497, University Library of Munich, Germany, revised 2011.
  • Handle: RePEc:pra:mprapa:44497
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    File URL: https://mpra.ub.uni-muenchen.de/44497/1/MPRA_paper_44497.pdf
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    More about this item

    Keywords

    Inflation; Correlation; International Inflation;
    All these keywords.

    JEL classification:

    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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