Pass-Through Effects of Global Food Prices on Consumer Prices in Iran

نویسندگان

  • Ebrahim Javdan Department of Agricultural Economics, University of Tabriz, Iran (Corresponding Author: [email protected]).
  • Jafar Haghighat Professor, Department of Economics, University of Tabriz, Iran ([email protected]).
چکیده مقاله:

T he 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.

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pass-through effects of global food prices on consumer prices in iran

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عنوان ژورنال

دوره 21  شماره 1

صفحات  169- 180

تاریخ انتشار 2017-03-01

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