drivers of oil price swings. JEL Classification: C32, Q41, Q31 …

In this paper we examine linkages across non-energy commodity price developments by means of a factor-augmented VAR … model (FAVAR). From a set of non-energy commodity price series, we extract two factors, which we identify as common trends …

This paper investigates whether the real oil price has an impact on the real exchange rates of three main oil … the real oil price and the real exchange rate. However, we find virtually no impact of the real oil price on the real …

broad commodity price index and all of its components. While these effects are significant, they however do not appear to be …

We present a general equilibrium model of the global oil market, in which the oil price, oil production, and … taxes and subsidies affect the oil price and welfare through their effect on the trade-off between oil production efficiency …

This paper investigates the pass-through of external shocks, i.e. oil price shocks, exchange rate shocks, and non …-oil import price shocks to euro area inflation at different stages of distribution (import prices, producer prices and consumer … pass-through is largest and fastest for non-oil import price shocks, followed by exchange rate shocks and oil price shocks …

This paper provides estimates of price-marginal cost ratios or markups for 50 sectors in 8 euro area countries and the …

Equilibrium correction models of the price level are often used to model inflation. Such models assume that the long … price-cost markup contributed to disinflation in the Euro area during the 1980s. JEL Classification: C22,C32,E31 …