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Pass‐through of shocks into different U.S. prices

Author

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  • Hakan Yilmazkuday

Abstract

This article estimates the pass‐through of different shocks into different U.S. prices that are important for policy makers. The investigation is based on a structural vector autoregression model, where quarterly data are used. The empirical results depict oil price pass‐through, exchange rate pass‐through, import‐price pass‐through, and producer price pass‐through into import prices, producer prices, and consumer prices for the U.S. economy. Policy implications suggest that achieving and sustaining consumer price stability highly depend on monitoring the developments in oil prices, followed by import prices and producer prices.

Suggested Citation

  • Hakan Yilmazkuday, 2024. "Pass‐through of shocks into different U.S. prices," Review of International Economics, Wiley Blackwell, vol. 32(3), pages 1300-1315, August.
  • Handle: RePEc:bla:reviec:v:32:y:2024:i:3:p:1300-1315
    DOI: 10.1111/roie.12726
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    More about this item

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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