Heterogeneous Effects of Commodity Price Shocks on Inflation Rates. Evidence from a Panel Study.

<p>Do commodity price shocks have heterogeneous effect on countries based on their export and import profiles? I address this question through a panel study of 142 countries using Export and Import Indexes aimed at differentiating the retail pass-through and fiscal balance channel of transmission of Commodity Price shocks on inflation. The results show that an increase in the Export Index leads to a decrease in contemporary inflation while an increase in the Import Index leads to an increase in inflation in the next year. Average causal mediating effect of the Export Index on Inflation through the Fiscal Balance was shown to be negative.</p>

Name thesis:degree_name

Master of Science in International and Development Economics (MSIDEC)

Level thesis:degree_level

Thesis

Discipline thesis:degree_discipline

Economics

Year dc:date.available

2014

Author dc:creator

• Batmunkh, Odbayar

Contributors dc:contributor

• Man Chiu (Sunny) Wong
• Jacques Artus

• Commodity prices
• Exports
• Imports
• Inflation
• Fiscal Balance
• International Economics

Repository record dc:identifier

https://repository.usfca.edu/thes/84

OAI identifier oai:identifier

oai:repository.usfca.edu:thes-1091