Title of article
Pass-Through Effects of Global Food Prices on Consumer Prices in Iran
Author/Authors
Javdan, Ebrahim Department of Agricultural Economics - University of Tabriz , Haghighat, Jafar Department of Economics - University of Tabriz , Pishbahar, Esmaeil Department of Agricultural Economics - University of Tabriz , Kostov, Phillip University of Central Lancashire, Lancashire, UK , Mohammadrezaei, Rassul Department of Agricultural Economics - University of Tabriz
Pages
12
From page
169
To page
180
Abstract
The objective of this study is using the Markov Switching Vector Autoregressive method and regime dependent impulse response functions to measure the pass-through of world food prices to consumer price index in Iran from 1990 to 2013. With respect to information criteria and the log-likelihood ratio statistic, MSIA(2)-VAR(1) model has a better fit to data than other models. The magnitude of the pass-through in first and second regimes is respectively 0.43 and 0.94 after two years. We show that the magnitude of the pass-through from world food prices to consumer price index resulting from recent world food price shocks has been higher than before.
Keywords
Domestic Prices , Pass-Through , World Food Prices
Journal title
Astroparticle Physics
Serial Year
2017
Record number
2422939
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