Lecture 5 - Isabelle MEJEAN's home page
Lecture 5 - Isabelle MEJEAN's home page
Lecture 5 - Isabelle MEJEAN's home page
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Betts & Devereux (1996)<br />
Campa & Goldberg (2006)<br />
Pass-through rates at the aggregate level (3)<br />
Aggregate CPI pass-through is a weighted average of pass-through<br />
elasticities into traded and nontraded prices<br />
Aggregate CPI pass-through depends on relative wages, relative<br />
productivities, elasticities of substitution between T and NT good,<br />
between domestic and foreign tradables and between varieties,<br />
imported input use, distribution margins and the shares of each type<br />
of good in aggregate consumption<br />
<strong>Isabelle</strong> Méjean <strong>Lecture</strong> 5
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