Oil price pass-through into inflation

被引：153
|
作者：
Chen, Shiu-Sheng [1 ]
机构：
[1] Natl Taiwan Univ, Dept Econ, Taipei 10764, Taiwan
来源：
ENERGY ECONOMICS | 2009年 / 31卷 / 01期
关键词：
Oil Prices; Inflation; PARAMETER INSTABILITY; STRUCTURAL-CHANGE; TESTS; SHOCKS;
D O I：
10.1016/j.eneco.2008.08.006
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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. (C) 2008 Elsevier B.V. All rights reserved.
引用
收藏
页码：126 / 133
页数：8
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