In this paper, we model a fossil fuel embargo as a temporary quantity constraint on fossil fuel
imports and we compare the impact with the effect of a fossil fuel price shock. We show that …

This paper studies how monetary policy shocks influence the distribution of household-level
inflation rates. We find that (i) contractionary monetary policy shocks significantly and …

JEL: E31, E52 pandemic in similar ways–a combination of lockdowns as well as aggressive
fiscal and monetary easing. All countries saw deep falls in activity early in the pandemic and …

This paper investigates the recent increases in natural gas prices and their propagation
effects via inflation expectations. Using a structural vector autoregression, we identify a euro …

This paper first shows that, contrary to conventional wisdom, the European Central Bank
(ECB) can influence global energy prices. Second, through Lucas critique-robust …

This paper investigates the recent increases in natural gas prices, the sensitivity of inflation
expectations, and the pass-through to inflation. Using a semi-structural vector …

Chapter 1: In this paper, I analyze the interplay between (European) monetary policy and
energy prices. Employing a Bayesian proxy structural vector autoregressive model, I …

Monetary Policy Transmission through Commodity Prices Page 1 Monetary Policy Transmission
through Commodity Prices Jorge Miranda-Pinto Andrea Pescatori Ervin Prifti Guillermo …

Özet Petrol fiyatları ile enflasyon arasındaki ilişki, petrol fiyat dalgalanmalarının enflasyon
oranlarına ve dolayısıyla tüm ekonomiye olan etkisi nedeniyle politika yapıcıları, iş dünyası …

The nexus between oil prices and inflation has piqued the curiosity of policymakers,
business leaders, and academics alike since oil price fluctuations have an impact on the …