全球智库信息集成服务系统(G2TT): DP9735 Exchange Rate Pass-Through to Consumer Prices in South Africa: Evidence from Micro-Data

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP9735
	DP9735 Exchange Rate Pass-Through to Consumer Prices in South Africa: Evidence from Micro-Data
	John Muellbauer; Janine Aron; Neil Rankin
发表日期	2013-11-17
出版年	2013
语种	英语
摘要	A sizeable literature examines exchange rate pass-through to disaggregated import prices but very few micro-studies focus on consumer prices. This paper explores exchange rate pass-through to consumer prices in South Africa during 2002-2007, using a unique data set of highly disaggregated data at the product and outlet level. The paper adopts an empirical approach that allows pass-through to be calculated over various horizons, including controls for domestic and foreign costs. It studies how pass-through differs across types of consumption goods and services and draws some aggregate implications about pass-through, using actual weights from the CPI basket. The heterogeneity of pass-through for different food sub-components and the role of switches between import and export parity pricing of maize is investigated and found significant for five out of ten food sub-components. Overall pass-through to the almost 63 percent of the CPI covered is estimated at about 30 percent after two years, but is higher for food.
主题	International Macroeconomics
关键词	Exchange rate pass-through Exchange rate volatility Consumer prices Goods prices Services prices Food prices Cpi monetary policy
URL	https://cepr.org/publications/dp9735
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/538571
推荐引用方式 GB/T 7714	John Muellbauer,Janine Aron,Neil Rankin. DP9735 Exchange Rate Pass-Through to Consumer Prices in South Africa: Evidence from Micro-Data. 2013.