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Oil price shocks and inflation

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  • Bharat Trehan

Abstract

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.

Suggested Citation

  • Bharat Trehan, 2005. "Oil price shocks and inflation," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue oct28.
    • Handle: RePEc:fip:fedfel:y:2005:i:oct28:n:2005-28
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    References listed on IDEAS

    as
    1. 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 540-561, May.
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    Cited by:

    1. Pelin ÖGE GÜNEY, 2013. "The Effects of Oil Prices Changes on Output Growth and Inflation: Evidence from Turkey," Journal of Economics and Behavioral Studies, AMH International, vol. 5(11), pages 730-739.
    2. Wu, Man-Hwa & Ni, Yen-Sen, 2011. "The effects of oil prices on inflation, interest rates and money," Energy, Elsevier, vol. 36(7), pages 4158-4164.
    3. Granville, Brigitte & Zeng, Ning, 2019. "Time variation in inflation persistence: New evidence from modelling US inflation," Economic Modelling, Elsevier, vol. 81(C), pages 30-39.
    4. Muhammad Jamali & Asif Shah & Hassan Soomro & Kamran Shafiq & Faiz M.Shaikh, 2011. "Oil Price Shocks: A Comparative Study on the Impacts in Purchasing Power in Pakistan," Modern Applied Science, Canadian Center of Science and Education, vol. 5(2), pages 192-192, April.
    5. Lombardi, Marco J. & Galesi, Alessandro, 2009. "External shocks and international inflation linkages: a global VAR analysis," Working Paper Series 1062, European Central Bank.

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