Oil price pass-through into inflation

Shiu-Sheng Chen

Energy Economics, 2009, vol. 31, issue 1, 126-133

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.

Keywords: Oil; Prices; Inflation (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (160)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:31:y:2009:i:1:p:126-133

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