Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/267510 
Erscheinungsjahr: 
2022
Schriftenreihe/Nr.: 
Working Paper No. 045.2022
Verlag: 
Fondazione Eni Enrico Mattei (FEEM), Milano
Zusammenfassung: 
We develop a Bayesian Structural VAR (SVAR) model to study the relationship between different kinds of energy shocks and inflation dynamics in Europe. Specifically, we include in our specification two separate energy markets (oil and natural gas) and two target macroeconomic variables, measuring inflation expectations and the realized headline inflation. Our results demonstrate that, during the last year, inflation in the Euro area is more affected from energy price shocks, particularly those coming from the natural gas sector. The high peaks of the Eurozone inflation are mainly associated with gas consumption demand shocks and, to a lesser extent, to oil and gas supply shocks.
Schlagwörter: 
Energy shocks
Oil and gas markets
Inflation
Bayesian Structural VARs
JEL: 
C11
E31
Q41
Q43
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
2.03 MB





Publikationen in EconStor sind urheberrechtlich geschützt.