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- W63609919 abstract "There is no consensus in the literature about the effects of oil priceincreases in inflation. Variations in oil prices do not need to hit all the economies ina similar way as some countries and sectors may be more dependent or efficient inthe use of oil than others. We propose a disaggregated approach to identify theeconomic sectors where there is a loss of competitiveness due to oil price shocks.To characterize these effects we use multivariate transfer function models with oiland other commodity prices and measures of the demand pressures as inputs atthe highest level of disaggregation in the non-administered harmonized consumerprices indices for the euro area and its four largest economies: Germany, France,Italy and Spain. We also address non linearity issues by taking into accountasymmetric effects regarding large positive variations of oil prices." @default.
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- W63609919 date "2012-01-01" @default.
- W63609919 modified "2023-09-27" @default.
- W63609919 title "Oil prices and inflation in the euro area and its main countries: Germany, France, Italy and Spain" @default.
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