Monetary policy and the effect of the oil prices pass-through to inflation

Kartaev, Philipp; Medvedev, Ilya

[journal article]

dc.contributor.author	Kartaev, Philipp	de
dc.contributor.author	Medvedev, Ilya	de
dc.date.accessioned	2024-07-15T13:34:58Z
dc.date.available	2024-07-15T13:34:58Z
dc.date.issued	2019	de
dc.identifier.issn	2618-7213	de
dc.identifier.uri	https://www.ssoar.info/ssoar/handle/document/95129
dc.description.abstract	The paper examines the impact of oil price shocks on inflation, as well as the impact of the choice of the monetary policy regime on the strength of this influence. We used dynamic models on panel data for the countries of the world for 2000-2017. It is shown that the impact of changes in oil prices on inflation is carried out predominantly through the channel of exchange rate. The paper demonstrates the influence of the transition to inflation targeting on the nature of the relationship between oil price shocks and inflation. This effect is asymmetrical: during periods of rising oil prices, inflation targeting reduces the effect of the oil prices pass-through, limiting the negative effects of shock. During periods of decline in oil prices, this monetary policy regime, in contrast, contributes to a stronger pass-through, helping to reduce inflation.	de
dc.language	en	de
dc.subject.ddc	Wirtschaft	de
dc.subject.ddc	Economics	en
dc.subject.other	inflation targeting; pass-through effect	de
dc.title	Monetary policy and the effect of the oil prices pass-through to inflation	de
dc.description.review	begutachtet	de
dc.description.review	reviewed	en
dc.source.journal	Russian Journal of Economics
dc.source.volume	5	de
dc.publisher.country	RUS	de
dc.source.issue	3	de
dc.subject.classoz	Volkswirtschaftslehre	de
dc.subject.classoz	Political Economy	en
dc.subject.thesoz	Geldpolitik	de
dc.subject.thesoz	monetary policy	en
dc.subject.thesoz	Preis	de
dc.subject.thesoz	price	en
dc.subject.thesoz	Erdöl	de
dc.subject.thesoz	crude oil	en
dc.subject.thesoz	Inflation	de
dc.subject.thesoz	inflation	en
dc.subject.thesoz	Wechselkurs	de
dc.subject.thesoz	rate of exchange	en
dc.identifier.urn	urn:nbn:de:0168-ssoar-95129-9
dc.rights.licence	Creative Commons - Namensnennung, Nicht kommerz., Keine Bearbeitung 4.0	de
dc.rights.licence	Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0	en
internal.status	formal und inhaltlich fertig erschlossen	de
internal.identifier.thesoz	10041141
internal.identifier.thesoz	10034835
internal.identifier.thesoz	10042079
internal.identifier.thesoz	10040627
internal.identifier.thesoz	10043757
dc.type.stock	article	de
dc.type.document	Zeitschriftenartikel	de
dc.type.document	journal article	en
dc.source.pageinfo	211-219	de
internal.identifier.classoz	1090300
internal.identifier.journal	1465
internal.identifier.document	32
internal.identifier.ddc	330
dc.identifier.doi	https://doi.org/10.32609/j.ruje.5.47349	de
dc.description.pubstatus	Veröffentlichungsversion	de
dc.description.pubstatus	Published Version	en
internal.identifier.licence	20
internal.identifier.pubstatus	1
internal.identifier.review	2
dc.subject.classhort	10900	de
internal.pdf.valid	false
internal.pdf.wellformed	true
internal.pdf.encrypted	false

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Volkswirtschaftslehre (allgemein)
Political Economy (general)

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