Shioji, Etsuro; Uchino, Taisuke - National Bureau of Economic Research (NBER) - 2010
In this paper, we investigate changes in the impacts of world crude oil prices on domestic prices in Japan. First, we … employ a time-varying parameter VAR (TVP-VAR) approach to confirm that the rate of pass-through of oil prices declined, both … pass-through rates of oil prices increase in many instances, those increases are small in comparison to the drastic …