Oil Price Pass-Through into Inflation
Journal
Energy Economics
Journal Volume
31
Journal Issue
1
Pages
126-133
Date Issued
2009
Date
2009
Author(s)
Abstract
This paper uses data from 19 industrialized countries to investigate oil price pass-through into inflation across countries and over time. A time-varying pass-through coefficient is estimated and the determinants of the recent declining effects of oil shocks on inflation are investigated. The appreciation of the domestic currency, a more active monetary policy in response to inflation, and a higher degree of trade openness are found to explain the decline in oil price pass-through. © 2008 Elsevier B.V. All rights reserved.
Type
journal article
File(s)![Thumbnail Image]()
Loading...
Name
08.pdf
Size
24.12 KB
Format
Adobe PDF
Checksum
(MD5):a22237f2400f67ba99e3f4580d6ee7d9