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Supply Chain Uncertainty Energy Prices and Inflation Monacelli Merendino by Nepz Nepz is a document available to read on EtoBox.
This paper examines the strong and persistent inflation response to energy price shocks from 2021 to 2023, attributing it to heightened supply chain uncertainty and transportation volatility. It presents a model where firms, facing logistical disruptions, treat energy prices as indicators of underlying supply conditions, leading to amplified price adjustments. The findings highlight that the pass-through of energy prices to inflation is state-dependent, increasing during periods of high supply chain volatil
- Author
- Nepz Nepz
- Language
- EN