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Japan; and second, has the influence of import prices in firms' costs become greater over the more recent period since the …, does the inclusion of import prices help explain post-war inflation dynamics in the United Kingdom , United States and … mid-1980s. Overall, our results suggest that import prices do help explain movements in inflation; in particular, NKPC …
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The paper uses MULTIMOD to analyze the macroeconomic effects of oil price shocks, distinguishing between temporary, more persistent, and permanent shocks. It provides perspectives on several findings in the literature and the key role of monetary policy in influencing macroeconomic outcomes....
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Cover -- Title -- Copyright -- Contents -- List of Figures and Tables -- List of Contributors -- Introduction Counter-Shock and Counter-Revolution -- Part I: Oil Prices in Context -- 1. Price Regimes, Price Series and Price Trends: Oil Shocks and Counter-Shocks in Historical Perspective -- 2....
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