Economics, Econometrics and Finance
5 years ago

Inflation targeting reduces oil price impact, stabilizing economies worldwide.

1 view
Russian Journal of Economics
Monetary policy and the effect of the oil prices pass-through to inflation
Philipp Kartaev, I. D. Medvedev

Paper Summary

The impact of oil price changes on inflation is mainly through the exchange rate. When oil prices rise, inflation targeting reduces the effect, lessening the negative impact. But when oil prices fall, inflation targeting increases the effect, helping to lower inflation.

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