Oil price–inflation pass-through in Romania during the inflation targeting regime
作者： Claudiu Tiberiu Albulescu , Cornel Oros , Aviral Kumar Tiwari
DOI: 10.1080/00036846.2016.1221041
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摘要: ABSTRACTIn the wake of inflation-targeting strategy in Romania, we estimate impact international oil prices upon consumer price index (CPI) and core inflation. The inflation target was systematically missed by monetary authorities who explain this failure exogenous factors. Using a frequency domain framework, show that price–inflation pass-through can be observed only for those components which include volatile medium run. Our results put forward constant missing cannot explained credibility is into question.
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