Inflación Internacional Relevante para Costa Rica
Relevant International Inflation for Costa Rica
Carlos Segura-Rodríguez () and
Jose Pablo Vasquez
MPRA Paper from University Library of Munich, Germany
This document analyzes different measures of international inflation and their influence on the domestic inflation. We found that these measurements have a statistical significant effect on the behavior of domestic inflation. Therefore the evolution of the international inflation must be considered when assessing the inflation target stated by monetary authority. The international inflation calculated using the weight of exports to different markets is the most relevant international inflation both in levels and in differences for the case of Costa Rica. Another element that the Central Bank should take into account when setting its inflation target is the fact that for the period 2001-2010 the different relevant measures of international inflation for Costa Rica lie in the range of 3% and 4%.
Keywords: Inflation; Correlation; International Inflation (search for similar items in EconPapers)
JEL-codes: C12 C43 E31 (search for similar items in EconPapers)
Date: 2011, Revised 2011
References: View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/44497/1/MPRA_paper_44497.pdf original version (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:44497
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().