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Tx 45e1e66136fc5e967cb62e29f3735d6161064508@68318439

Included in block 68,318,439 at 2022-09-29 00:45:21 (UTC)


Raw transaction

ref_block_num29,910
ref_block_prefix2,825,511,500
expiration2022-09-29 00:55:18
operations
0.
0.comment
1.
parent_author""
parent_permlinkinflation
authorzafrada
permlinkinflation-effects-from-negative-oil-supply-shock
title"Inflation effects from negative oil supply shock."
body"
![image.png](https://files.peakd.com/file/peakd-hive/zafrada/23wCbbxA7S5StY72iTCVyKDBbon7fAqig38oGjuqCzEXBfMSWeKXfioaSh5nU1YeVDeLq.png)
Neat charts looking at the inflation effects of a negative oil supply shock.
For core inflation (inflation that excludes food and energy), an oil supply shock doesn't really worsen core inflation. The pass-through effect of an oil price shock is offset by a decrease in demand caused by the oil shock.
For headline inflation on the other hand, the oil supply shock has a large supply effect on inflation. Though there is some demand effect on inflation too and this is driven by a substitution to non-oil fuels.
![image.png](https://files.peakd.com/file/peakd-hive/zafrada/23tcNhoQ1h5pfRixbAig5ku21aTn3MbWDF8LBxip1YEkgG7mb96d97WHWKm5gkhNUyufw.png)
Charts from this paper:
https://www.frbsf.org/economic-research/publications/working-papers/2022/18/?amp=1"
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extensions[]
signatures
0.2078e42374b3fc05d8cf211ca2d756123e8da9176d34b1097b49580d3d1022e2da02f3128cd07fdb906809f7d79f07ab31580f76fca173de8a8552659e865751d3
transaction_id45e1e66136fc5e967cb62e29f3735d6161064508
block_num68,318,439
transaction_num34