Oil Prices and Inflation Dynamics : Evidence from Advanced and Developing Economies /

We study the impact of fluctuations in global oil prices on domestic inflation using an unbalanced panel of 72 advanced and developing economies over the period from 1970 to 2015. We find that a 10 percent increase in global oil inflation increases, on average, domestic inflation by about 0.4 percen...

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Bibliographic Details
Main Author: Choi, Sangyup
Other Authors: Furceri, Davide, Loungani, Prakash, Mishra, Saurabh
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2017.
Series:IMF Working Papers; Working Paper ; No. 2017/196
Online Access:Full text available on IMF