The relationship between world commodity prices and Finnish import prices
Kretzmer, Peter (30.05.1980)
JulkaisusarjaKeskustelualoitteita. Discussion Papers
JulkaisijaBank of Finland
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-202108021373
This paper reports some preliminary findings of an analysis of the price behaviour of Finland's raw material imports. The main purpose is to study the lags with which world market prices are transmitted into Finnish foreign trade prices as well as the impact of exchange rate fluctuations. In addition, the significance of reweighting world market prices to correspond to the structure of Finnish trade is examined.