Oil price showed sharp fluctuations in recent years which revived the interest in its effect on inflation. In this paper, we discuss the relationship between oil price and inflation in Spain, at national and regional levels, and making the distinction between energy and non-energy inflation. To...

Oil price showed sharp fluctuations in recent years which revived the interest in its effect on inflation. In this paper, we discuss the relationship between oil price and inflation in Spain, at national and regional levels, and making the distinction between energy and non-energy inflation. To...

The object of this paper is to highlight the contribution that a dual economy in the South as organizational asimmetry makes to the oil price rise process and its effects on welfare, first, when the North is Neoclassical, secondly, when the North behaves a la Taylor. The model shows that when...