What's Behind Volatile Import Prices from China?

7 Pages Posted: 15 Jan 2009

See all articles by Mary Amiti

Mary Amiti

Federal Reserve Bank of New York

Donald R. Davis

Columbia University, Graduate School of Arts and Sciences, Department of Economics; National Bureau of Economic Research (NBER)

Abstract

In a sharp departure from earlier trends, the price of U.S. imports from China rose 6 percent in the 2006-08 period. To explore the forces behind this surprising increase, the authors create a new import index that uses highly disaggregated data to track price developments in different product types. The index reveals that the largest price increases were concentrated in industrial supplies-goods that rely heavily on commodity inputs. The authors conclude that the surge in commodity prices through mid-2008 was the primary driver of the rising import prices from China.

Keywords: import prices, china

JEL Classification: F00, F01

Suggested Citation

Amiti, Mary and Davis, Donald R., What's Behind Volatile Import Prices from China?. Current Issues in Economics and Finance, Vol. 15, No. 1, January 2009. Available at SSRN: https://ssrn.com/abstract=1327098

Mary Amiti (Contact Author)

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

Donald R. Davis

Columbia University, Graduate School of Arts and Sciences, Department of Economics ( email )

420 W. 118th Street
New York, NY 10027
United States
212-854-4037 (Phone)
212-854-8059 (Fax)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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