Pregled bibliografske jedinice broj: 1275739
Effects of Energy Prices Shocks on Global Inflation: A Panel Structural VAR Approach
Effects of Energy Prices Shocks on Global Inflation: A Panel Structural VAR Approach // Acta montanistica Slovaca, 27 (2022), 4; 929-943 doi:10.46544/AMS.v27i4.08 (međunarodna recenzija, članak, znanstveni)
CROSBI ID: 1275739 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Effects of Energy Prices Shocks on Global Inflation:
A Panel Structural VAR Approach
Autori
Marinko, Škare ; Dean, Sinković ; Blažević Burić, Sanja
Izvornik
Acta montanistica Slovaca (1335-1788) 27
(2022), 4;
929-943
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni
Ključne riječi
Energy prices, Inflation, Supply shocks, Panel structural VAR, Impulse response, Persistence
Sažetak
Global supply shock suffered massive disruption because of COVID19 in the last few years. Such a shock is accompanied by an energy price surge caused by the war in Ukraine. We study the effects of energy price shocks (common, idiosyncratic) on inflation due to energy price issues. We set up a panel structural VAR (PSVAR) model to study whether energy price shocks exhibit long memory properties (persistence) having permanent (long- run) effects on global inflation. The model is modelled under Cholesky and Blanchard-Quah restrictions. We calculate medians, averages, and interquartile impulse response functions with confidence interval quantiles following bootstrapping procedure. We see energy shock impact on headline inflation last 2.5 years (slow mean-reversion) reaching pre-crisis level.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
POVEZANOST RADA
Ustanove:
Fakultet ekonomije i turizma "Dr. Mijo Mirković", Pula
Citiraj ovu publikaciju:
Časopis indeksira:
- Web of Science Core Collection (WoSCC)
- Science Citation Index Expanded (SCI-EXP)
- SCI-EXP, SSCI i/ili A&HCI
- Scopus
