Oil price shocks and inflation
This Economic Letter examines the historical relationship between oil price shocks and inflation in light of some recent research and goes on to discuss what the recent jump in oil prices might mean for inflation in the future.
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Article provided by Federal Reserve Bank of San Francisco in its journal FRBSF Economic Letter
Volume (Year): (2005)Handle:
Issue (Month): Oct 28 ()
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Related researchKeywords: Petroleum products - Prices
; Inflation (Finance)
; Petroleum industry and trade
ReferencesReferences listed on IDEAS
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, click on "citations" and make appropriate adjustments.:
- Hooker, Mark A, 2002.
"Are Oil Shocks Inflationary? Asymmetric and Nonlinear Specifications versus Changes in Regime,"
Journal of Money, Credit and Banking,
Blackwell Publishing, vol. 34(2), pages 540-61, May.
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- Galesi, Alessandro & Lombardi, Marco J., 2009.
"External shocks and international inflation linkages: a global VAR analysis,"
Working Paper Series
1062, European Central Bank.
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