On the relationship of country geopolitical risk on energy inflation

Cristina Alexandra De Oliveira Amado, Ignacio Garrón Vedia and Helena Veiga

DES - Working Papers. Statistics and Econometrics. WS from Universidad Carlos III de Madrid. Departamento de Estadística

Abstract: This paper addresses the efect of country geopolitical risk on energy inflation by employing a methodology that combines fixed efects panel quantile regressions and local projections. The panel covers country-level indicators for 16 OECD countries from January 1990 to December 2022. Results show that adverse country-specific geopolitical events are associated with upside risks on energy inflation whereas the analysis reveals insignificant efects for both the median and left tail of energy inflation distribution.

Keywords: Geopolitical; risk; Energy; inflation; Fixed; efects; Panel; data; Quantile; regression (search for similar items in EconPapers)
JEL-codes: C22 C23 E31 Q40 (search for similar items in EconPapers)
Date: 2024-11-29
New Economics Papers: this item is included in nep-ene, nep-mon and nep-rmg
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Persistent link: https://EconPapers.repec.org/RePEc:cte:wsrepe:45113

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