Consumer goods and services inflation in Latin America during the COVID-19 pandemic
ABSTRACT Consumer goods inflation significantly exceeded consumer services inflation in many nations during the COVID-19 pandemic. Therefore, this paper evaluates the key drivers of goods prices and services prices in eight Latin American countries during that period. To that end, we employ two fixe...
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| Format: | Article |
| Language: | English |
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Editora 34
2024-12-01
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| Series: | Brazilian Journal of Political Economy |
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| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572025000100201&lng=en&tlng=en |
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| author | VÍCTOR MANUEL CUEVAS AHUMADA IGNACIO PERROTINI HERNÁNDEZ |
| author_facet | VÍCTOR MANUEL CUEVAS AHUMADA IGNACIO PERROTINI HERNÁNDEZ |
| author_sort | VÍCTOR MANUEL CUEVAS AHUMADA |
| collection | DOAJ |
| description | ABSTRACT Consumer goods inflation significantly exceeded consumer services inflation in many nations during the COVID-19 pandemic. Therefore, this paper evaluates the key drivers of goods prices and services prices in eight Latin American countries during that period. To that end, we employ two fixed effects panel data models involving such nations and monthly data from January 2020 to December 2022. The models’ specification allows for assessing the impact of fiscal and monetary policies, exchange rate fluctuations, and two pandemic-related variables, on goods prices and services prices. The models are estimated through two-stage least squares complemented with other remedial measures. |
| format | Article |
| id | doaj-art-f9e1f6053d384789b75ca153edb602c8 |
| institution | Kabale University |
| issn | 1809-4538 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Editora 34 |
| record_format | Article |
| series | Brazilian Journal of Political Economy |
| spelling | doaj-art-f9e1f6053d384789b75ca153edb602c82025-01-07T07:38:02ZengEditora 34Brazilian Journal of Political Economy1809-45382024-12-0145110.1590/0101-31572025-3580Consumer goods and services inflation in Latin America during the COVID-19 pandemicVÍCTOR MANUEL CUEVAS AHUMADAhttps://orcid.org/0000-0003-1749-8055IGNACIO PERROTINI HERNÁNDEZhttps://orcid.org/0000-0002-4330-4448ABSTRACT Consumer goods inflation significantly exceeded consumer services inflation in many nations during the COVID-19 pandemic. Therefore, this paper evaluates the key drivers of goods prices and services prices in eight Latin American countries during that period. To that end, we employ two fixed effects panel data models involving such nations and monthly data from January 2020 to December 2022. The models’ specification allows for assessing the impact of fiscal and monetary policies, exchange rate fluctuations, and two pandemic-related variables, on goods prices and services prices. The models are estimated through two-stage least squares complemented with other remedial measures.http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572025000100201&lng=en&tlng=enConsumer goods inflationconsumer services inflationpanel data modelscovid-19 pandemic |
| spellingShingle | VÍCTOR MANUEL CUEVAS AHUMADA IGNACIO PERROTINI HERNÁNDEZ Consumer goods and services inflation in Latin America during the COVID-19 pandemic Brazilian Journal of Political Economy Consumer goods inflation consumer services inflation panel data models covid-19 pandemic |
| title | Consumer goods and services inflation in Latin America during the COVID-19 pandemic |
| title_full | Consumer goods and services inflation in Latin America during the COVID-19 pandemic |
| title_fullStr | Consumer goods and services inflation in Latin America during the COVID-19 pandemic |
| title_full_unstemmed | Consumer goods and services inflation in Latin America during the COVID-19 pandemic |
| title_short | Consumer goods and services inflation in Latin America during the COVID-19 pandemic |
| title_sort | consumer goods and services inflation in latin america during the covid 19 pandemic |
| topic | Consumer goods inflation consumer services inflation panel data models covid-19 pandemic |
| url | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572025000100201&lng=en&tlng=en |
| work_keys_str_mv | AT victormanuelcuevasahumada consumergoodsandservicesinflationinlatinamericaduringthecovid19pandemic AT ignacioperrotinihernandez consumergoodsandservicesinflationinlatinamericaduringthecovid19pandemic |