Do High Oil Prices Presage Inflation? The Evidence from G-5 Countries

By M. Leblanc, M. Chinn. 2004

222 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Financial and monetary policy responses to oil price shocks: evidence from oil-importing and oil-exporting countries (2014, background): “Turning to the net oil-exporting countries; a positive oil price shock in Russia causes a positive response of inflation; a response which is immediate and of high magnitude, indicating demandside inflation (see, inter alia, Bjornland, 2009; LeBlanc and Chinn, 2004; Hooker 2002).”
Modelling oil price-inflation nexus: The role of asymmetries (2017, background): “On the other hand, some studies have found declining oil price passthrough to inflation [see for example, Hooker, 2002; Barsky and Kilian, 2004; LeBlanc and Chinn,2004; Gregario et al., 2007; van den Noord and Andre, 2007; Bachmeier et al., 2008; and Chen, 2009].”
Oil price and inflation in Algeria: A nonlinear ARDL approach (2019, background): “By the same, in some Europe countries like France, Germany and the UK as well as US and Japan, Leblanc and Chinn (2004) confirmed a modest inflationary effect of oil price changes in the late 1990s.”
On the Influence of Oil Prices on Economic Activity and Other Macroeconomic and Financial Variables (2008, unknown): “While Barsky and Kilian (2004) show that oil price increases generate high inflation, LeBlanc and Chinn (2004) argue that oil prices have only a moderate impact on inflation.”