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  1. A broader perspective on the inflationary effects of energy price shocks
    Erschienen: [2022]
    Verlag:  Center for Financial Studies, Goethe University, Frankfurt am Main, Germany

    Consumers purchase energy in many forms. Sometimes energy goods are consumed directly, for instance, in the form of gasoline used to operate a vehicle, electricity to light a home, or natural gas to heat a home. At other times, the cost of energy is... mehr

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    Verlag (kostenfrei)
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 108
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    Consumers purchase energy in many forms. Sometimes energy goods are consumed directly, for instance, in the form of gasoline used to operate a vehicle, electricity to light a home, or natural gas to heat a home. At other times, the cost of energy is embodied in the prices of goods and services that consumers buy, say when purchasing an airline ticket or when buying online garden furniture made from plastic to be delivered by mail. Previous research has focused on quantifying the pass-through of the price of crude oil or the price of motor gasoline to U.S. inflation. Neither approach accounts for the fact that percent changes in refined product prices need not be proportionate to the percent change in the price of oil, that not all energy is derived from oil, and that the correlation of price shocks across energy markets is far from one. This paper develops a vector autoregressive model that quantifies the joint impact of shocks to several energy prices on headline and core CPI inflation. Our analysis confirms that focusing on gasoline price shocks alone will underestimate the inflationary pressures emanating from the energy sector, but not enough to overturn the conclusion that much of the observed increase in headline inflation in 2021 and 2022 reflected non-energy price shocks.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/268890
    Schriftenreihe: CFS working paper series ; no. 686
    Schlagworte: Headline; core; oil; gasoline; diesel; jet fuel; natural gas; coal; electricity
    Umfang: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  2. A broader perspective on the inflationary effects of energy price shocks
    Erschienen: 21 December 2022
    Verlag:  Centre for Economic Policy Research, London

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    Verlag (lizenzpflichtig)
    Verlag (lizenzpflichtig)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    LZ 161
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    Universitätsbibliothek Mannheim
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    Export in Literaturverwaltung   RIS-Format
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Array ; DP17763
    Schlagworte: Headline; Gasoline; Jet fuel; Natural gas; Coal; Electricity
    Umfang: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  3. A broader perspective on the inflationary effects of energy price shocks
    Erschienen: December
    Verlag:  Federal Reserve Bank of Dallas, Research Department, Dallas

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    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 686
    keine Fernleihe
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    Schriftenreihe: Working paper / Federal Reserve Bank of Dallas, Research Department ; 2224
    Schlagworte: Headline; core; goods; services; oil; gasoline; diesel; jet fuel; natural gas; coal; electricity
    Umfang: 1 Online-Ressource (circa 28 Seiten), Illustrationen
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