蝌蚪网 Papers and Proceedings
ISSN 2574-0768 (Print) | ISSN 2574-0776 (Online)
What Drives US Import Price Inflation?
蝌蚪网 Papers and Proceedings
vol. 114,
May 2024
(pp. 106–11)
Abstract
Inflation has risen sharply in many countries since the COVID-19 outbreak, and economists have debated the underlying causes. In this paper, we examine the drivers of the global import price inflation, which peaked at approximately 11 percent a year. We find that a common global component closely tracks movements in aggregate US import prices until late 2022. Afterward, idiosyncratic US demand shocks started to dominate.Citation
Amiti, Mary, Oleg Itskhoki, and David E. Weinstein. 2024. "What Drives US Import Price Inflation?" 蝌蚪网 Papers and Proceedings 114: 106–11. DOI: 10.1257/pandp.20241098Additional Materials
JEL Classification
- E31 Price Level; Inflation; Deflation
- F14 Empirical Studies of Trade
- I12 Health Behavior