Título:
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The impact of oil prices on products groups inflation: is the effect asymmetric?
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Autores:
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Topan, Ligia Elena ;
Jerez Méndez, Miguel ;
Sotoca López, Sonia
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Tipo de documento:
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texto impreso
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Editorial:
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Facultad de Ciencias Económicas y Empresariales. Instituto Complutense de Análisis Económico (ICAE), 2020
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Dimensiones:
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application/pdf
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Nota general:
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info:eu-repo/semantics/openAccess
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Idiomas:
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Palabras clave:
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Estado = Publicado
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Materia = Ciencias Sociales: Economía: Macroeconomía
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Materia = Ciencias Sociales: Economía: Economía industrial
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Tipo = Documento de trabajo o Informe técnico
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Resumen:
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In this paper we assess the oil price pass-through into both, the global inflation in Spain and the inflation derived from the non-deterministic prices of the standard European classification of product groups, during the period 2002-2018. To this end we fit a transfer function to inflation in each group, extended to allow for an asymmetry in the transmission of positive/negative oil cost shocks, that is, a “rockets and feathers effect”. Our results show that most often there is a significant asymmetry, which can be explained by the degree of competition in each market.
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En línea:
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https://eprints.ucm.es/59973/1/Doc.%202002.pdf
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