Working Paper
Oil Price Pass-Through into Core Inflation
Conflitti, Cristina; Luciani, Matteo (2017-08-17)
We estimate the oil price pass-through into consumer prices both in the US and in the euro area. In particular, we disentangle the specific effect that an oil price change might have on each disaggregate price, from the effect on all prices that an oil price change might have since it affects the whole economy. To do so, we first estimate a Dynamic Factor Model on a panel of disaggregate price indicators, and then we use VAR techniques to estimate the pass-through. Our results show that the oil price passes through core inflation only via its effect on the whole economy. This pass-through is ...
Finance and Economics Discussion Series , Paper 2017-085

Discussion Paper
Oil Price Pass-Through into Core Inflation
Conflitti, Cristina; Luciani, Matteo (2017-10-19)
Quantifying the magnitude and establishing the timing of the pass-through of oil price changes to consumer prices is crucial for forecasting inflation. Characterizing this pass-through is particularly important because oil prices tend to undergo wide fluctuations. In this note we presented estimates of the oil price pass-through into consumer prices both in the US and in the euro area.
FEDS Notes , Paper 2017-10-19-1

Discussion Paper
Oil Price Pass-Through into Core Inflation
Conflitti, Cristina; Luciani, Matteo (2019-04-30)
In this note we presented estimates of the oil price pass-through into consumer prices both in the US and in the euro area.
FEDS Notes , Paper 2019-04-30