This paper evaluates the degree of pass-through from oil price shocks to disaggregate U.S. consumer prices. We find significantly positive effects of the oil price shock only on energy-intensive CPIs, which imply that significantly positive, though quantitatively small, response of the total CPI...

This paper employ monthly data to examine the empirical relationship between oil price shocks and domestic inflation rate during 1993 and 2013. The results show that oil price, domestic or international, does not have the long-run impact on consumer prices. However, oil price shocks cause...

We analyze the evolution and drivers of inflation during the pandemic and the likely trajectory of inflation in the near-term using an event study of inflation around global recessions and a factor-augmented vector auto-regression (FAVAR) model. We report three main results. First, the decline...

The present research seeks to address whether internet search drives oil market. For this purpose, we perform two analyses to empirically gauge the relevance of Google search Index as a measure of investors’ attention. Firstly, we test if extracting public moods oriented to crude oil using web...

It is well documented in the literature that there exists a positive relationship between oil price and inflation. In this study, we found that the price of Premium Motor Spirit (PMS) remained stable until the entry of the military into the administration of the country when the then military...

This paper employs monthly data to examine the empirical relationship between oil price shocks and domestic inflation rate during 1993 and 2015. Three cointegration tests and the two-step approach are used. In addition, the asymmetry of oil price shocks on inflation is also investigated. The...

This paper employs monthly data to examine the impact of oil price shocks on the domestic inflation rate in Thailand from 1993 to 2016. Both linear and nonlinear cointegration tests are used to examine the long-run relationship between price level, industrial production and the real price of...

Using monthly data during 1993 and 2017, this paper examines the impact of oil price shocks on the domestic inflation rate in Thailand. Both linear and nonlinear cointegration tests are used to examine the long-run relationship between price level, industrial production, and the real price of...

U.S. retail food price increases in recent years may seem large in nominal terms, but after adjusting for inflation have been quite modest even after the change in U.S. biofuel policies in 2006. In contrast, increases in the real prices of corn, soybeans, wheat and rice received by U.S. farmers...

U.S. retail food price increases in recent years may seem large in nominal terms, but after adjusting for inflation have been quite modest even after the change in U.S. biofuel policies in 2006. In contrast, increases in the real prices of corn, soybeans, wheat and rice received by U.S. farmers...