On the Quantitative Effects of Unconventional Monetary Policies

Javier García-Cicco
Authors registered in the RePEc Author Service: Javier Garcia Cicco

Working Papers Central Bank of Chile from Central Bank of Chile

Abstract: I use a unique micro price data to estimate the pass-through from commodity prices to retail prices in several countries. The paper presents and develops a simple methodology to estimate the pass-through from the prices of different commodities into various sectors across several countries. This is the first exercise of this type. As expected, countries respond differently to the different shocks; and sectors respond differently across countries and commodities. A third of all the explained variation is driven by sectoral characteristics, which is a dimension mostly disregarded by the literature.

Date: 2010-04
New Economics Papers: this item is included in nep-cba and nep-mon
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:chb:bcchwp:573

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