Živkov, Dejan; Đurašković, Jasmina; Manić, Slavica - In: Baltic journal of economics 19 (2019) 1, pp. 84-104
This paper investigates how oil price changes affect consumer price inflation in eleven Central and Eastern European countries. We use a wavelet-based Markov switching approach in order to distinguish between the effects at different time horizons. We find that the transmission of oil price...