Gao, Liping; Kim, Hyeongwoo; Saba, Richard - Volkswirtschaftliche Fakultät, … - 2013
This paper evaluates the degree of the pass-through effect of the oil price shock to six CPI sub-indices in the US. We report substantially weaker pass-through effects in less energy-intensive sectors compared with those in more energy-intensive sectors. We attempt to find an explanation for...