I show that the pass-through of gasoline price shocks to inflation expectations and to a lesser extent realized inflation is larger if inflation is high. Pronounced historical contributions to inflation expectations mainly occurred in highly inflationary periods.
No takes yet. Share an insight, caveat, or question.
Daniel Gründler (2024) studied this question.
Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context: