More on the Energy/Non-Energy Price Link
This note re-examines the energy/nonenergy price link. Using annual data from the period 1960 to 2008, it finds that the pass-through of energy price changes to the overall nonenergy commodity index is 0.28. At a more disaggregated level, the fertilizer index exhibited the largest pass-through (0.55...
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| Format: | Journal Article |
| Language: | EN |
| Published: |
2012
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| Online Access: | http://hdl.handle.net/10986/5175 |
| Summary: | This note re-examines the energy/nonenergy price link. Using annual data from the period 1960 to 2008, it finds that the pass-through of energy price changes to the overall nonenergy commodity index is 0.28. At a more disaggregated level, the fertilizer index exhibited the largest pass-through (0.55), followed by agriculture (0.26) and metals (0.25). |
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