A Preliminary Look at the Effects of Reductions in the Energy Subsidy on International Commodity Price Pass-through in Barbados

2009 ◽  
Author(s):  
Mahalia Jackman
Author(s):  
Rebeca Jiménez-Rodríguez ◽  
Amalia Morales-Zumaquero

AbstractThis paper analyses the commodity price pass-through along the pricing chain for the global commodity price index and the indices of its main categories (i.e., agricultural raw materials, food and beverages, energy and metals) in the world, advanced and emerging economies. To do so, the study considers country-by-country vector autoregression models and pool the results by taking weighted means for 18 advanced economies and 19 emerging countries, as well as for the world (defined as the sum of advanced and emerging economies). The results show the following: (i) there is evidence in favour of partial pass-through from commodity prices to producer prices, although the evidence for the pass-through to consumer prices is less evident; (ii) the pass-through in the world seems to be led by both advanced and emerging countries for producer prices and only by advanced economies for consumer prices; (iii) higher prices in the four categories (agricultural raw materials only in the short-run) induce significant higher producer prices in almost all cases, with shocks in the prices of energy and metals showing the largest effects; and (iv) energy prices explain the highest variability of producer and consumer prices.


2020 ◽  
Vol 92 ◽  
pp. 104977
Author(s):  
Syed Kanwar Abbas ◽  
Hao Lan
Keyword(s):  

2021 ◽  
Vol 95 ◽  
pp. 102100
Author(s):  
Alexander H. Wolter ◽  
Thorsten Ehlers ◽  
Klaus Luetjens ◽  
Volker Gollnick

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