Oil Prices and Inflation Dynamics: Evidence from Advanced and Developing Economies

Oil Prices and Inflation Dynamics: Evidence from Advanced and Developing Economies
We study the impact of fluctuations in global oil prices on domestic inflation using an unbalanced panel of 72 advanced and developing economies over the period from 1970 to 2015. We find that a 10 percent increase in global oil inflation increases, on average, domestic inflation by about 0.4 percentage point on impact, with the effect vanishing... READ MORE...

Publication date: September 2017
ISBN 9781484316658
$18.00

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