Munich Personal RePEc Archive

Oil price pass-through into inflation in Spain at national and regional level

Topan, Ligia and Castro, César and Jerez, Miguel and Barge-Gil, Andrés (2018): Oil price pass-through into inflation in Spain at national and regional level.

This is the latest version of this item.

[img]
Preview
PDF
MPRA_paper_87821.pdf

Download (2MB) | Preview

Abstract

Oil price showed sharp fluctuations in recent years which have revived the interest on its effect on inflation rates. In this paper we discuss the relationship between oil price and inflation in Spain. We adjust econometric models to predict the effect of oil price shocks on inflation both at national and regional level and under different scenarios. Our results show that almost half of inflation rates are explained by variations in oil price, that one-year ahead inflation will likely be moderate and that important differences across regions exist.

Available Versions of this Item

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.