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Pass-Through of Shocks into Different U.S. Prices

Author

Listed:
  • Hakan Yilmazkuday

    (Department of Economics, Florida International University)

Abstract
This paper 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," Working Papers 2401, Florida International University, Department of Economics.
    • Handle: RePEc:fiu:wpaper:2401
    as

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    File URL: https://economics.fiu.edu/research/working-papers/2024/2401.pdf
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    References listed on IDEAS

    as
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    4. Forbes, Kristin & Hjortsoe, Ida & Nenova, Tsvetelina, 2018. "The shocks matter: Improving our estimates of exchange rate pass-through," Journal of International Economics, Elsevier, vol. 114(C), pages 255-275.
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    More about this item

    Keywords

    Pass-Through; Oil Prices; Exchange Rates; Import Prices; Producer Prices; Consumer Prices;
    All these keywords.

    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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