How Large and Persistent is the Response of Inflation to Changes in Retail Energy Prices?

Nopic
We estimate the dynamic effects of changes in retail energy prices on inflation using a novel monthly database, covering 110 countries over 2000:M1 to 2016:M6. We find that (i) inflation responds positively to retail energy price shocks, with effects being, on average, modest and transitory. However, our results suggest significant heterogeneity... READ MORE...

Publication date: June 2020
ISBN 9781513546094
$18.00

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Publication date: June 2020

English