Date of Graduation
Spring 5-16-2014
Document Type
Thesis
Degree Name
Master of Science in International and Development Economics (MSIDEC)
Department/Program
Economics
First Advisor
Man Chiu (Sunny) Wong
Second Advisor
Jacques Artus
Abstract
Do commodity price shocks have heterogeneous effect on countries based on their export and import profiles? I address this question through a panel study of 142 countries using Export and Import Indexes aimed at differentiating the retail pass-through and fiscal balance channel of transmission of Commodity Price shocks on inflation. The results show that an increase in the Export Index leads to a decrease in contemporary inflation while an increase in the Import Index leads to an increase in inflation in the next year. Average causal mediating effect of the Export Index on Inflation through the Fiscal Balance was shown to be negative.
Recommended Citation
Batmunkh, Odbayar, "Heterogeneous Effects of Commodity Price Shocks on Inflation Rates. Evidence from a Panel Study." (2014). Master's Theses. 84.
https://repository.usfca.edu/thes/84
Comments
Case study of Chile is in the Appendix.