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De la energía al resto de los componentes: la generalización del fenómeno inflacionista

Author

Listed:
  • José González Mínguez

    (Banco de España)

  • Samuel Hurtado

    (Banco de España)

  • Danilo Leiva-León

    (Banco de España)

  • Alberto Urtasun

    (Banco de España)

Abstract

Motivación A partir de diciembre de 2020 la inflación repuntó de forma sostenida. Inicialmente, este repunte se ciñó a los precios energéticos, pero posteriormente se sumaron los alimentos y el resto de los componentes. Es importante entender en qué medida esta generalización es el resultado del aumento de los precios energéticos. Ideas principales • Se ha observado un aumento de la influencia de los precios energéticos sobre la inflación subyacente. • Este aumento se debe en parte al mayor tamaño de las perturbaciones recientes, pero también a una intensificación de la transmisión de las variaciones en los precios de la energía al resto de los precios de consumo.

Suggested Citation

  • José González Mínguez & Samuel Hurtado & Danilo Leiva-León & Alberto Urtasun, 2023. "De la energía al resto de los componentes: la generalización del fenómeno inflacionista," Boletín Económico, Banco de España, issue 2023/T1.
  • Handle: RePEc:bde:joures:y:2023:i:01:n:02
    DOI: https://doi.org/10.53479/24995
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    More about this item

    Keywords

    Inflación; energía; vectores autorregresivos;
    All these keywords.

    JEL classification:

    • C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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