Does the inflation pass-through of gasoline price shocks depend on the level of inflation?

Daniel Gründler

Economics Letters, 2024, vol. 243, issue C

Abstract: I show that the pass-through of gasoline price shocks to inflation expectations and to a lesser extent realized inflation is larger if inflation is high. Pronounced historical contributions to inflation expectations mainly occurred in highly inflationary periods.

Keywords: Gasoline price shock; Inflation; Expectations; TVAR; State dependency (search for similar items in EconPapers)
JEL-codes: C11 C32 D84 E31 Q41 Q43 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:243:y:2024:i:c:s0165176524004129

DOI: 10.1016/j.econlet.2024.111928

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