Research Discussion Paper – RDP 9407 Explaining Import Price Inflation: A Recent History of Second Stage Pass-Through

Contents

• Introduction
• Recent Trends in Import Prices
• Analytical Framework
• The Data
• Estimating The First Stage of Price Adjustment
• Estimating The Second Stage of Price Adjustment
• A Measure of the Mark-up
• Summary and Conclusions
• Appendix 1: Data
• Appendix 2: Time Series Properties of the Data
• Appendix 3: Tests of Exogeneity
• References