Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/153538
Authors: 
Landau, Bettina
Skudelny, Frauke
Year of Publication: 
2009
Series/Report no.: 
ECB Working Paper 1104
Abstract: 
In this paper we analyse in a mark-up framework the pass-through of commodity price and exchange rate shocks to the main components of producer and consumer prices. Thereby we link movements in prices at the different production stages as firms set their prices as a mark-up over production costs. The empirical results reveal significant linkages between different price stages in the euro area. The overall results are roughly in line with the literature and provide insight into the effects at different stages of the production chain. Non-energy commodity prices turn out to be important determinants of euro area prices.
Subjects: 
commodity prices
consumer prices
exchange rate
Pass-Through
producer prices
JEL: 
E31
E37
Document Type: 
Working Paper

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