Pass-through of International food prices to domestic ination during and after the great recession: evidence from a set of Latin American economies

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dc.contributor.advisorJalil, Munir
dc.contributor.authorTamayo Zea, Esteban
dc.coverage.spatialMedellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degreeseng
dc.creator.degreeEconomistaspa
dc.creator.emailetamayoz@eafit.edu.cospa
dc.date.accessioned2016-05-26T16:32:04Z
dc.date.available2016-05-26T16:32:04Z
dc.date.issued2011
dc.description.abstractWe examined how international food price shocks have impacted local ination processes in Brazil, Chile, Colombia, Mexico, and Peru in the past decade -- Using impulse-response analysis coming from cointegrated VARs, we wind that international food ination shocks take from one to six quarters to pass through to domestic head-line ination, depending on the country -- In addition, by calculating the elasticity of local prices to an international food price shock, we found that this pass-through is not complete -- We also take a closer look at how this type of shock affects local food and core prices separately, and asses the possibility second round effects over core ination stemming from the shock -- We wind that a transmission to headline prices does occur, and that part of the transmission is associated with rising core prices both directly and through possible second round effects, which implies a role for monetary policy when such a shock takes place -- This is especially relevant given that international food prices have recently been on an upward trend after falling considerably during the Great Recessionspa
dc.identifier.urihttp://hdl.handle.net/10784/8535
dc.publisherUniversidad EAFITspa
dc.publisher.departmentEscuela de Economía y Finanzas. Departamento de Economía.spa
dc.publisher.programEconomíaspa
dc.rights.accessrightsinfo:eu-repo/semantics/openAccesseng
dc.rights.localAcceso abiertospa
dc.subject.keywordFoodspa
dc.subject.keywordFood pricesspa
dc.subject.keywordInflation (finance)spa
dc.subject.keywordFood - marketingspa
dc.subject.keywordPrice indexesspa
dc.subject.keywordElasticity (economics)spa
dc.subject.keywordEconometric modelsspa
dc.subject.keywordMonetary policyspa
dc.subject.lembALIMENTOSspa
dc.subject.lembALIMENTOS - PRECIOSspa
dc.subject.lembINFLACIÓN - AMÉRICA LATINAspa
dc.subject.lembMERCADEO DE ALIMENTOSspa
dc.subject.lembÍNDICE DE PRECIOSspa
dc.subject.lembELASTICIDAD (ECONOMÍA)spa
dc.subject.lembMODELOS ECONOMÉTRICOSspa
dc.subject.lembPOLÍTICA MONETARIAspa
dc.titlePass-through of International food prices to domestic ination during and after the great recession: evidence from a set of Latin American economiesspa
dc.typeinfo:eu-repo/semantics/bachelorThesis
dc.typebachelorThesiseng
dc.type.hasVersionacceptedVersioneng
dc.type.localTrabajo de gradospa

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Economía (trabajo de grado)