| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Inflationary Effect of Oil-Price Shocks in an Imperfect Market: A Partial Transmission Input-output Analysis | |
| Libo Wu; Jing Li; ZhongXiang Zhang | |
| 发表日期 | 2011 |
| 出处 | Climate Change and Sustainable Development |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | This paper aims to examine the impacts of oil-price shocks on China’s price levels. To that end, we develop a partial transmission input-output model that captures the uniqueness of the Chinese market. We hypothesize and simulate price control, market factors and technology substitution - the three main factors that restrict the functioning of a price pass-through mechanism during oil-price shocks. Using the models of both China and the U.S., we separate the impact of price control from those of other factors leading to China’s price stickiness under oil-price shocks. The results show a sharp contrast between China and the U.S., with price control in China significantly preventing oil-price shocks from spreading into its domestic inflation, especially in the short term. However, in order to strengthen the economy’s resilience to oil-price shocks, the paper suggests a gradual relaxing of price control in China. |
| 特色分类 | Q43;Q41;Q48;O13;O53;P22;E31 |
| 关键词 | Oil-price Shocks Price Transmission Price Control Input-output Analysis Inflation Industrial Structure China the United States |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/inflationary-effect-of-oil-price-shocks-in-an-imperfect-market-a-partial-transmission-input-output-analysis/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117955 |
| 推荐引用方式 GB/T 7714 | Libo Wu,Jing Li,ZhongXiang Zhang. Inflationary Effect of Oil-Price Shocks in an Imperfect Market: A Partial Transmission Input-output Analysis. 2011. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| 2011325118481Nota_di（71KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
| 2011325119104NDL2011（326KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
| 文件名： | 2011325118481Nota_di_Lavoro.jpg |
| 格式： | JPEG |
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