E-mail alert  |  Contact  
Search:       Go  
Background  |   Sponsoring institutions  |   Editorial board   |   Advisory board   |   Associate editors
Call for papers  |   Submission guidelines  |   Editorial process
Current issue  |   Past issues  |  
March 2012 issue
List of authors
 
Coletti, Devereux, Levin, Walsh, Williams
Lama, Medina
Faust
Glocker, Towbin
Bordo, Humpage, Schwartz
King
Ferrucci, Jiménez-Rodriguez, Onorante
Lipínska, Millard
Hamilton
IJCB Home   Read the journal   Past issue
Past issues
2017
 
February
2016
 
December
September
June
March
2015
 
December
September
June
March
January
2014
 
December
September
June
March
2013
 
December
September
June
March
January
2012
 
December
September
June
March
January
2011
 
December
September
June
March
2010
 
December
September
June
March
2009
 
December
September
June
March
2008
 
December
September
June
March
2007
 
December
September
June
March
2006
 
December
September
June
March
2005
 
December
September
May

Import Prices and Inflation

by James D. Hamilton
Department of Economics, University of California, San Diego

Abstract

Understanding the consequences of international developments for domestic inflation is an extremely important question for central banks. But before we claim to have measured the extent of import price pass-through, it is necessary to be clear on exactly what such a number is intended to mean. One can attempt to come up with an answer on the basis of either economic theory or empirical evidence. There are important pitfalls associated with either approach and significant benefits from combining the two.

JEL Codes: E31, F42.

 
Full article (PDF, 10 pages 179 kb)