Is the oil price pass-through in India any different?

被引：12

作者：

Mandal, Kumarjit ^{[2
]}

Bhattacharyya, Indranil ^{[1
]}

Bhoi, Binod B. ^{[3
]}

机构：

[1] Qatar Cent Bank, Execut Off, Doha, Qatar

[2] Univ Calcutta, Dept Econ, Kolkata 700050, India

[3] Reserve Bank India, Dept Econ & Policy Res, Bombay 400001, Maharashtra, India

来源：

JOURNAL OF POLICY MODELING | 2012年 / 34卷 / 06期

关键词：

Oil price shock; Pass-through; Inflation; Phillips curve; Generalised VAR; SHOCKS;

D O I：

10.1016/j.jpolmod.2012.06.001

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In the wake of deregulation of prices of some petroleum products, we estimate the pass-through impact of international oil prices on the Indian economy. In contrast to global trends, we find evidence of higher pass-through to domestic inflation and industrial output, particularly since 2002 when domestic prices started to adjust more frequently to international oil prices. We also simulate to obtain the potential full pass-through impact if prices were completely deregulated and find that such a pricing strategy could result in significant upsurge of inflation with consequential effect on output. On the other hand, staggered adjustments would deteriorate government finances. (C) 2012 Society for Policy Modeling. Published by Elsevier Inc. All rights reserved.

引用

页码：832 / 848

页数：17

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