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An empirical model of international and domestic food inflation

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  • Javier Gómez Pineda

Abstract

En empirical model of the pass-through of international to domestic food inflation is proposed.The key liking variable between international and domestic food inflation of food productsin the PPI for food imports and exports. Not only the inflation rates of the relevant countriesbut also their exchange rates can exert important influences on the prices of imported andexported food products.

Suggested Citation

  • Javier Gómez Pineda, 2008. "An empirical model of international and domestic food inflation," Borradores de Economia 4651, Banco de la Republica.
    • Handle: RePEc:col:000094:004651
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    Keywords

    Food ination; International food ination.;

    JEL classification:

    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications

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