Gregorio, José De; Landerretche, Oscar; Neilson, … - Departamento de Economía, Facultad de Economía y Negocios - 2007
This paper presents evidence of an important decline during recent decades in the pass-through from the price of oil to the general price level. We find that this decline is a generalized fact for a large set of countries. After documenting correlations between the consumer price index and oil...