Akcelik, Fatih; Ogunc, Fethi - In: Central Bank Review (CBR) 16 (2016) 1, pp. 41-51
This paper examines the degree of oil price pass-through to domestic prices at different stages of supply chain in Turkey. Our results, based on vector autoregressive models, point out that the pass-through to domestic motor fuel prices is considerably fast as expected and just one third of a...