Titulo:
Pandemic and cost inflation in Peru
.
Sumario:
This article proposes to analyze the two most urgent problems in Peru today: the pandemic and cost-push inflation. A first conclusion is to recognize that the Covid-19 pandemic has not ended, neither globally nor in Peru. Experts predict that the third wave will arrive in Peru with the new Delta variant in late 2021. It is crucial to contain contagions without affecting reactivation of the economy. The methodology used is the input-output price model. In relation to exchange-rate cost-impacts, the conclusion is that the expected impact of a devaluation of the new sol is estimated as an impact on Consumer Price Index. The impacts are in the range of 7% to 22% or to 36%, depending on the degree of the assumed devaluation being low, intermedia... Ver más
Guardado en:
2522-3054
2521-8301
5
2022-04-20
13
32
Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial-SinDerivadas 4.0.
info:eu-repo/semantics/openAccess
http://purl.org/coar/access_right/c_abf2
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metarevistapublica_usil_journalofeconomicsfinanceandinternationalbusiness_59_article_1546 |
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Pandemic and cost inflation in Peru Pandemic and cost inflation in Peru This article proposes to analyze the two most urgent problems in Peru today: the pandemic and cost-push inflation. A first conclusion is to recognize that the Covid-19 pandemic has not ended, neither globally nor in Peru. Experts predict that the third wave will arrive in Peru with the new Delta variant in late 2021. It is crucial to contain contagions without affecting reactivation of the economy. The methodology used is the input-output price model. In relation to exchange-rate cost-impacts, the conclusion is that the expected impact of a devaluation of the new sol is estimated as an impact on Consumer Price Index. The impacts are in the range of 7% to 22% or to 36%, depending on the degree of the assumed devaluation being low, intermediate, or extreme. A third conclusion of the analysis relates to increases in the prices of strategic commodities. As an example, the 92% increase in the world price of crude oil has an aggregate effect equal to 6.2% increase in the CPI of the Peruvian economy, after all forward linkages of crude oil, on gasoline and other fuels are reflected. Note that other international commodity prices have also increased in world markets -such as corn, soybeans, and grains- although they are not included in this analysis. This article proposes to analyze the two most urgent problems in Peru today: the pandemic and cost-push inflation. A first conclusion is to recognize that the Covid-19 pandemic has not ended, neither globally nor in Peru. Experts predict that the third wave will arrive in Peru with the new Delta variant in late 2021. It is crucial to contain contagions without affecting reactivation of the economy. The methodology used is the input-output price model. In relation to exchange-rate cost-impacts, the conclusion is that the expected impact of a devaluation of the new sol is estimated as an impact on Consumer Price Index. The impacts are in the range of 7% to 22% or to 36%, depending on the degree of the assumed devaluation being low, intermediate, or extreme. A third conclusion of the analysis relates to increases in the prices of strategic commodities. As an example, the 92% increase in the world price of crude oil has an aggregate effect equal to 6.2% increase in the CPI of the Peruvian economy, after all forward linkages of crude oil, on gasoline and other fuels are reflected. Note that other international commodity prices have also increased in world markets -such as corn, soybeans, and grains- although they are not included in this analysis. Torres Zorrilla , Jorge Recuperación económica Turismo no tradicional 5 1 Núm. 1 , Año 2021 : Hacia una recuperación Post-pandemia Artículo de revista Journal article 2022-04-20T05:37:00Z 2022-04-20T05:37:00Z 2022-04-20 application/pdf Universidad San Ignacio de Loyola Journal of Economics Finance and International Business 2522-3054 2521-8301 https://revistas.usil.edu.pe/index.php/jefib/article/view/1546 10.20511/jefib.2021.v5n1.1546 https://doi.org/10.20511/jefib.2021.v5n1.1546 spa http://creativecommons.org/licenses/by-nc-nd/4.0 Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial-SinDerivadas 4.0. 13 32 https://revistas.usil.edu.pe/index.php/jefib/article/download/1546/1693 info:eu-repo/semantics/article http://purl.org/coar/resource_type/c_6501 http://purl.org/redcol/resource_type/ARTREF info:eu-repo/semantics/publishedVersion http://purl.org/coar/version/c_970fb48d4fbd8a85 info:eu-repo/semantics/openAccess http://purl.org/coar/access_right/c_abf2 Text Publication |
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UNIVERSIDAD SAN IGNACIO DE LOYOLA |
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https://nuevo.metarevistas.org/USIL/logo.png |
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Perú |
| collection |
Journal of Economics Finance and International Business |
| title |
Pandemic and cost inflation in Peru |
| spellingShingle |
Pandemic and cost inflation in Peru Torres Zorrilla , Jorge Recuperación económica Turismo no tradicional |
| title_short |
Pandemic and cost inflation in Peru |
| title_full |
Pandemic and cost inflation in Peru |
| title_fullStr |
Pandemic and cost inflation in Peru |
| title_full_unstemmed |
Pandemic and cost inflation in Peru |
| title_sort |
pandemic and cost inflation in peru |
| title_eng |
Pandemic and cost inflation in Peru |
| description |
This article proposes to analyze the two most urgent problems in Peru today: the pandemic and cost-push inflation. A first conclusion is to recognize that the Covid-19 pandemic has not ended, neither globally nor in Peru. Experts predict that the third wave will arrive in Peru with the new Delta variant in late 2021. It is crucial to contain contagions without affecting reactivation of the economy. The methodology used is the input-output price model. In relation to exchange-rate cost-impacts, the conclusion is that the expected impact of a devaluation of the new sol is estimated as an impact on Consumer Price Index. The impacts are in the range of 7% to 22% or to 36%, depending on the degree of the assumed devaluation being low, intermediate, or extreme. A third conclusion of the analysis relates to increases in the prices of strategic commodities. As an example, the 92% increase in the world price of crude oil has an aggregate effect equal to 6.2% increase in the CPI of the Peruvian economy, after all forward linkages of crude oil, on gasoline and other fuels are reflected. Note that other international commodity prices have also increased in world markets -such as corn, soybeans, and grains- although they are not included in this analysis.
|
| description_eng |
This article proposes to analyze the two most urgent problems in Peru today: the pandemic and cost-push inflation. A first conclusion is to recognize that the Covid-19 pandemic has not ended, neither globally nor in Peru. Experts predict that the third wave will arrive in Peru with the new Delta variant in late 2021. It is crucial to contain contagions without affecting reactivation of the economy. The methodology used is the input-output price model. In relation to exchange-rate cost-impacts, the conclusion is that the expected impact of a devaluation of the new sol is estimated as an impact on Consumer Price Index. The impacts are in the range of 7% to 22% or to 36%, depending on the degree of the assumed devaluation being low, intermediate, or extreme. A third conclusion of the analysis relates to increases in the prices of strategic commodities. As an example, the 92% increase in the world price of crude oil has an aggregate effect equal to 6.2% increase in the CPI of the Peruvian economy, after all forward linkages of crude oil, on gasoline and other fuels are reflected. Note that other international commodity prices have also increased in world markets -such as corn, soybeans, and grains- although they are not included in this analysis.
|
| author |
Torres Zorrilla , Jorge |
| author_facet |
Torres Zorrilla , Jorge |
| topicspa_str_mv |
Recuperación económica Turismo no tradicional |
| topic |
Recuperación económica Turismo no tradicional |
| topic_facet |
Recuperación económica Turismo no tradicional |
| citationvolume |
5 |
| citationissue |
1 |
| citationedition |
Núm. 1 , Año 2021 : Hacia una recuperación Post-pandemia |
| publisher |
Universidad San Ignacio de Loyola |
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Journal of Economics Finance and International Business |
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https://revistas.usil.edu.pe/index.php/jefib/article/view/1546 |
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spa |
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Article |
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http://creativecommons.org/licenses/by-nc-nd/4.0 Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial-SinDerivadas 4.0. info:eu-repo/semantics/openAccess http://purl.org/coar/access_right/c_abf2 |
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http://purl.org/coar/version/c_970fb48d4fbd8a85 |
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2022-04-20 |
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2022-04-20T05:37:00Z |
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2022-04-20T05:37:00Z |
| url |
https://revistas.usil.edu.pe/index.php/jefib/article/view/1546 |
| url_doi |
https://doi.org/10.20511/jefib.2021.v5n1.1546 |
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2522-3054 |
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2521-8301 |
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10.20511/jefib.2021.v5n1.1546 |
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32 |
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