How much do import price shocks matter for consumer prices?

Tim Hampton
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Tim Hampton: Reserve Bank of New Zealand, http://www.rbnz.govt.nz

No DP2001/06, Reserve Bank of New Zealand Discussion Paper Series from Reserve Bank of New Zealand

Abstract: New Zealand and Australia have recently had large import price increases on the back of currency depreciations. Despite these large import price shocks, consumer prices have not risen as strongly as would be suggested by previously accepted relationships. The recent prolonged period of general US dollar strength has also raised the profile of exchange rate and import price pass-through in a number of other countries.

JEL-codes: C22 E31 (search for similar items in EconPapers)
Pages: 20p
Date: 2001-11
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Citations: View citations in EconPapers (19)

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