Economic Theory and Business Management
Previous Articles Next Articles
LV Jian-xing,MAO Xue-feng,ZENG Yin-chu#br#
Online:
Published:
吕建兴,毛学峰,曾寅初#br#
基金资助:
Abstract: Based on the calculation of several core CPI,in this paper we analyze the passthrough effect of food price shocks on core CPI during 2001 to 2015The results show,food CPI has high inertia characteristics,which has great impact on core CPI,and the longterm passthrough coefficient is 0140After considering the endogenous structural breaks,we find the longterm passthrough coefficient of core CPI still reach to 0186 and 0097,before and after the break of December 2008 respectivelyAlthough the impact of food prices on the core CPI decreased greatly after December 2008,the longterm passthrough coefficient remains significantly increasedThese results suggest that the food price shocks have a significant impact on the persistent component of Chinas inflation,and the monetary policy should pay attention to the passthrough effect of food price shocksAlthough the policy adjustment effects have appeared,the stable price pressures are still strong
Key words: ood prices , core CPI , Phillips curve , passthrough effects , unknown breakpoints
摘要:
关键词: 食品价格 , 核心CPI , 菲利普斯曲线 , 传递效应 , 未知断点
LV Jian-xing,MAO Xue-feng,ZENG Yin-chu. THE PASSTHROUGH EFFECT OF THE FOOD PRICE SHOCKS ON CORE CPI——The Comparative Research of Three Kinds of Core CPI[J]. Economic Theory and Business Management.
吕建兴,毛学峰,曾寅初. 食品价格冲击对核心CPI的传递效应*——基于3种核心CPI的比较研究[J]. 经济理论与经济管理.
0 / / Recommend
Add to citation manager EndNote|Ris|BibTeX
URL: http://jjll.ruc.edu.cn/EN/
http://jjll.ruc.edu.cn/EN/Y2017/V37/I5/25