Propagation of inflationary shocks in Costa Rica
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...
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| Autores principales: | , |
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| Formato: | Artículo publishedVersion |
| Lenguaje: | Español |
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Universidad Nacional - Escuela de Economía
2013
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| Acceso en línea: | http://www.revistas.una.ac.cr/index.php/economia/article/view/5122 http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=cr/cr-008&d=article5122oai |
| Aporte de: |
| Sumario: | 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. |
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