@article{Karimli:293771,
      recid = {293771},
      author = {Karimli, Tural and Jafarova, Nigar and Aliyeva, Heyran and  Huseynov, Salman},
      title = {Oil price pass-through into inflation: the evidence from  oil exporting countries},
      publisher = {The Graduate Institute of International and Development  Studies},
      address = {Geneva. 2016},
      number = {BOOK},
      series = {Graduate Institute of International and Development  Studies Working Paper ; no. 01/2016},
      pages = {24 p.},
      year = {2016},
      abstract = {This paper evaluates different channels of oil price pass  through into inflation for the countries Azerbaijan,  Kazakhstan and Russia. We propose a methodology to  disentangle the effects of different channels after an oil  price shock hits international markets. We measure the  relative importance of the two distinct channels through  which oil price shocks are transmitted into inflation in  these economies.  For that, we employ an approach which is  in the spirit of the methodology proposed by Sims and  Zha(1995). The empirical evidence shows that the level of  inflation in these oil-exporting countries responds  significantly to oil price shocks. The fiscal and cost  channels are major amplifiers of the effects of oil price  shocks on inflation. By providing new evidence from  emerging oil-exporting countries, the paper also has  important policy implications on the maintenance of price  stability by central banks.},
      url = {http://repository.graduateinstitute.ch/record/293771},
      doi = {https://doi.org/10.71609/iheid-3gz0-a930},
}