Propagation of inflationary shocks in Costa Rica
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| Autor: | |
|---|---|
| Médium: | artículo original |
| Stav: | Versión publicada |
| Datum vydání: | 2013 |
| Popis: | Abstract We present an estimation of propagation effects of inflationary shocks to groups and specific products of the CPI using a SVAR framework. We found significant propagation effects for 6 out of the 12 groups of the CPI, which together account for 72% of the basket. These groups include those related to food, home apparel and housekeeping services and transportation. The estimations suggest that shocks to Food and Non-Alcoholic Beverages and to fuels are passed through entirely to the rest of the CPI basket. The majority of the most important propagation effects occur between 6 and 10 months after the shocks. This includes propagation effects stemming from shocks to fuels, products with regulated price, tradables and the IPPI index. |
| Země: | Portal de Revistas UNA |
| Instituce: | Universidad Nacional de Costa Rica |
| Repositorio: | Portal de Revistas UNA |
| Jazyk: | Español |
| OAI Identifier: | oai:ojs.www.una.ac.cr:article/5122 |
| On-line přístup: | https://www.revistas.una.ac.cr/index.php/economia/article/view/5122 |
| Klíčové slovo: | Propagation inflation shocks structural VAR JEL Classification C32 E31 Propagación inflación choques VAR estructurales clasificación JEL |