Inflation Responses to Recent Shocks: Do G7 Countries Behave Differently?
This paper uses a variety of empirical methods to examine the apparent differences in monetary policy stances as between the United States and other G7 economies, notably those in the euro area, during the period of sharp increases in oil and other commodity prices in the first half of 2008. In part...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2009
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| Schriftenreihe: | OECD Economics Department Working Papers
no.689 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper uses a variety of empirical methods to examine the apparent differences in monetary policy stances as between the United States and other G7 economies, notably those in the euro area, during the period of sharp increases in oil and other commodity prices in the first half of 2008. In particular it asks the question whether observed differences in policy stances could be attributed to differences in economic structures and the vulnerability of different regions to inflationary shocks coming from import prices as opposed to differences in monetary policy objectives. The main conclusion is that although there are a number of differences in the estimated impact and dynamics of commodities, import prices and exchange rates on domestic inflation, which may have contributed to differences in policy stances during the boom in commodity prices, they cannot explain them all. |
| Beschreibung: | 1 Online-Ressource (41 p.) 21 x 29.7cm. |
| DOI: | 10.1787/225018287428 |
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| indexdate | 2024-11-26T14:55:59Z |
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| spelling | Vogel, Lukas VerfasserIn aut Inflation Responses to Recent Shocks Do G7 Countries Behave Differently? Lukas, Vogel ... [et al] = Réponse de l'inflation aux chocs récents : Les pays du G7 diffèrent-ils les uns des autres ? / Lukas, Vogel ... [et al] Réponse de l'inflation aux chocs récents : Les pays du G7 diffèrent-ils les uns des autres ? Paris OECD Publishing 2009 1 Online-Ressource (41 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.689 This paper uses a variety of empirical methods to examine the apparent differences in monetary policy stances as between the United States and other G7 economies, notably those in the euro area, during the period of sharp increases in oil and other commodity prices in the first half of 2008. In particular it asks the question whether observed differences in policy stances could be attributed to differences in economic structures and the vulnerability of different regions to inflationary shocks coming from import prices as opposed to differences in monetary policy objectives. The main conclusion is that although there are a number of differences in the estimated impact and dynamics of commodities, import prices and exchange rates on domestic inflation, which may have contributed to differences in policy stances during the boom in commodity prices, they cannot explain them all. Economics Rusticelli, Elena MitwirkendeR ctb Richardson, Pete MitwirkendeR ctb Guichard, Stéphanie MitwirkendeR ctb Gianella, Christian MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/225018287428 Volltext |
| spellingShingle | Vogel, Lukas Inflation Responses to Recent Shocks Do G7 Countries Behave Differently? Economics |
| title | Inflation Responses to Recent Shocks Do G7 Countries Behave Differently? |
| title_alt | Réponse de l'inflation aux chocs récents : Les pays du G7 diffèrent-ils les uns des autres ? |
| title_auth | Inflation Responses to Recent Shocks Do G7 Countries Behave Differently? |
| title_exact_search | Inflation Responses to Recent Shocks Do G7 Countries Behave Differently? |
| title_full | Inflation Responses to Recent Shocks Do G7 Countries Behave Differently? Lukas, Vogel ... [et al] = Réponse de l'inflation aux chocs récents : Les pays du G7 diffèrent-ils les uns des autres ? / Lukas, Vogel ... [et al] |
| title_fullStr | Inflation Responses to Recent Shocks Do G7 Countries Behave Differently? Lukas, Vogel ... [et al] = Réponse de l'inflation aux chocs récents : Les pays du G7 diffèrent-ils les uns des autres ? / Lukas, Vogel ... [et al] |
| title_full_unstemmed | Inflation Responses to Recent Shocks Do G7 Countries Behave Differently? Lukas, Vogel ... [et al] = Réponse de l'inflation aux chocs récents : Les pays du G7 diffèrent-ils les uns des autres ? / Lukas, Vogel ... [et al] |
| title_short | Inflation Responses to Recent Shocks |
| title_sort | inflation responses to recent shocks do g7 countries behave differently |
| title_sub | Do G7 Countries Behave Differently? |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/225018287428 |
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