Abstract:
In this paper we analyse in a mark-up framework the pass-through of commodity price
and exchange rate shocks to the main components of producer and consumer prices.
Thereby we link movements in prices at the different production stages as firms set their
prices as a mark-up over production costs. The empirical results reveal significant
linkages between different price stages in the euro area. The overall results are roughly
in line with the literature and provide insight into the effects at different stages of the
production chain. Non-energy commodity prices turn out to be important determinants
of euro area prices.
Keywords: Pass-through, producer prices, consumer prices, commodity prices, exchange
rate
JEL Codes: E31, E37
■ ECB
Working Paper Series No 1104
November 2009
More intriguing information
1. The name is absent2. The name is absent
3. EDUCATIONAL ACTIVITIES IN TENNESSEE ON WATER USE AND CONTROL - AGRICULTURAL PHASES
4. Bargaining Power and Equilibrium Consumption
5. The name is absent
6. DEVELOPING COLLABORATION IN RURAL POLICY: LESSONS FROM A STATE RURAL DEVELOPMENT COUNCIL
7. The name is absent
8. The name is absent
9. Knowledge and Learning in Complex Urban Renewal Projects; Towards a Process Design
10. Unemployment in an Interdependent World