Research Catalog

Title

Inflation Responses to Recent Shocks [electronic resource]: Do G7 Countries Behave Differently? / Lukas Vogel ... [et al]

Publication

Paris : OECD Publishing, 2009.

Details

Additional Authors

• Vogel, Lukas.
• Rusticelli, Elena.
• Richardson, Pete.
• Guichard, Stéphanie.
• Gianella, Christian.

Description

42 p.; 21 x 29.7cm.

Summary

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.

Series Statement

OECD Economics Department Working Papers, 1815-1973 ; no.689

Uniform Title

OECD Economics Department Working Papers, no.689.

Subject

Economics

LCCN

10.1787/225018287428

OCLC

oecd-lib-001070

Title

Inflation Responses to Recent Shocks [electronic resource]: Do G7 Countries Behave Differently? / Lukas Vogel ... [et al]

Imprint

Paris : OECD Publishing, 2009.

Series

OECD Economics Department Working Papers, 1815-1973 ; no.689

OECD Economics Department Working Papers, 1815-1973 ; no.689.

Connect to:

http://dx.doi.org/10.1787/225018287428

Indexed Term

Economics

Added Author

Vogel, Lukas.

Rusticelli, Elena.

Richardson, Pete.

Guichard, Stéphanie.

Gianella, Christian.

Other Standard Identifier

10.1787/225018287428 doi