Propagation of inflationary shocks in Costa Rica

Abstract We present an estimation of propagation effects of inflationary shocks to groups and specific products of the CPI using a SVAR framework. We found significant propagation effects for 6 out of the 12 groups of the CPI, which together account for 72% of the basket. These groups include...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Editorial de la Universidad Nacional (EUNA). Banco Central de Costa Rica (BCCR), Rodríguez Vargas, Adolfo; Banco Central de Costa Rica
Formato:	Artículo publishedVersion
Lenguaje:	Español
Publicado:	Universidad Nacional - Escuela de Economía 2013
Materias:	Propagation; inflation; shocks; structural VAR; JEL Classification: C32, E31 Propagación; inflación; choques; VAR estructurales; clasificación JEL: C32, E31
Acceso en línea:	http://www.revistas.una.ac.cr/index.php/economia/article/view/5122 http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=cr/cr-008&d=article5122oai
Aporte de:	Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) de Consejo Latinoamericano de Ciencias Sociales

id	I16-R122-article5122oai
record_format	dspace
institution	Consejo Latinoamericano de Ciencias Sociales
institution_str	I-16
repository_str	R-122
collection	Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
language	Español
topic	Propagation; inflation; shocks; structural VAR; JEL Classification: C32, E31 Propagación; inflación; choques; VAR estructurales; clasificación JEL: C32, E31
spellingShingle	Propagation; inflation; shocks; structural VAR; JEL Classification: C32, E31 Propagación; inflación; choques; VAR estructurales; clasificación JEL: C32, E31 Editorial de la Universidad Nacional (EUNA). Banco Central de Costa Rica (BCCR) Editorial de la Universidad Nacional (EUNA). Banco Central de Costa Rica (BCCR) Rodríguez Vargas, Adolfo; Banco Central de Costa Rica Propagation of inflationary shocks in Costa Rica
topic_facet	Propagation; inflation; shocks; structural VAR; JEL Classification: C32, E31 Propagación; inflación; choques; VAR estructurales; clasificación JEL: C32, E31
description	Abstract We present an estimation of propagation effects of inflationary shocks to groups and specific products of the CPI using a SVAR framework. We found significant propagation effects for 6 out of the 12 groups of the CPI, which together account for 72% of the basket. These groups include those related to food, home apparel and housekeeping services and transportation. The estimations suggest that shocks to Food and Non-Alcoholic Beverages and to fuels are passed through entirely to the rest of the CPI basket. The majority of the most important propagation effects occur between 6 and 10 months after the shocks. This includes propagation effects stemming from shocks to fuels, products with regulated price, tradables and the IPPI index.
format	Artículo publishedVersion Artículo publishedVersion
author	Editorial de la Universidad Nacional (EUNA). Banco Central de Costa Rica (BCCR) Editorial de la Universidad Nacional (EUNA). Banco Central de Costa Rica (BCCR) Rodríguez Vargas, Adolfo; Banco Central de Costa Rica
author_facet	Editorial de la Universidad Nacional (EUNA). Banco Central de Costa Rica (BCCR) Editorial de la Universidad Nacional (EUNA). Banco Central de Costa Rica (BCCR) Rodríguez Vargas, Adolfo; Banco Central de Costa Rica
author_sort	Editorial de la Universidad Nacional (EUNA). Banco Central de Costa Rica (BCCR)
title	Propagation of inflationary shocks in Costa Rica
title_short	Propagation of inflationary shocks in Costa Rica
title_full	Propagation of inflationary shocks in Costa Rica
title_fullStr	Propagation of inflationary shocks in Costa Rica
title_full_unstemmed	Propagation of inflationary shocks in Costa Rica
title_sort	propagation of inflationary shocks in costa rica
publisher	Universidad Nacional - Escuela de Economía
publishDate	2013
url	http://www.revistas.una.ac.cr/index.php/economia/article/view/5122 http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=cr/cr-008&d=article5122oai
work_keys_str_mv	AT editorialdelauniversidadnacionaleunabancocentraldecostaricabccr propagationofinflationaryshocksincostarica AT editorialdelauniversidadnacionaleunabancocentraldecostaricabccr propagationofinflationaryshocksincostarica AT rodriguezvargasadolfobancocentraldecostarica propagationofinflationaryshocksincostarica AT editorialdelauniversidadnacionaleunabancocentraldecostaricabccr propagaciondechoquesinflacionariosencostarica AT editorialdelauniversidadnacionaleunabancocentraldecostaricabccr propagaciondechoquesinflacionariosencostarica AT rodriguezvargasadolfobancocentraldecostarica propagaciondechoquesinflacionariosencostarica
bdutipo_str	Repositorios
_version_	1764820436069122048

Propagation of inflationary shocks in Costa Rica

Ejemplares similares