Castro Rozo, César Augusto

Profile Picture

Email Address

person.page.identifierURI

https://academica-e.unavarra.es/handle/2454/48829

Birth Date

Job Title

Last Name

Castro Rozo

First Name

César Augusto

person.page.departamento

Economía

person.page.instituteName

INARBE. Institute for Advanced Research in Business and Economics

ORCID

0000-0002-1367-3808

person.page.observainves

88911

person.page.upna

811700

Name

Filters

2017 - 20202
Reset filters

Settings

Has files: true × Subject: Inflation ×

Search Results

Now showing 1 - 2 of 2
  • Thumbnail Image
    PublicationOpen Access
    A new look at oil price pass-through into inflation: evidence from disaggregated European data
    (Springer, 2017) Castro Rozo, César Augusto; Jiménez Rodríguez, Rebeca; Poncela, Pilar; Senra, Eva; Economía; Ekonomia
    This paper analyzes oil price pass-through into inflation at disaggregate level for the euro area and its four main economies (France, Germany, Italy and Spain). The pattern of responses to oil price changes is quantitatively diverse across economies and across items of disaggregate inflation. Moreover, we suggest an alternative method to the direct calculation of aggregate effects on inflation given that indirect and second-round effects may offset the positive effects found in energy inflation and dissipate the effect on total inflation.
  • Thumbnail Image
    PublicationOpen Access
    Oil price pass-through into inflation in Spain at national and regional level
    (Springer, 2020) Topan, Ligia; Castro Rozo, César Augusto; Jerez, Miguel; Barge Gil, Andrés; Economía; Ekonomia
    Oil price showed sharp fluctuations in recent years which revived the interest in its effect on inflation. In this paper, we discuss the relationship between oil price and inflation in Spain, at national and regional levels, and making the distinction between energy and non-energy inflation. To this end, we fit econometric models to measure the effect of oil price shocks on inflation and to predict them under different scenarios. Our results show that almost half of the volatility of changes in total inflation is explained by changes in oil price. As could be expected, the energy component of inflation drives this effect. We also find that, under the most likely scenarios, 1-year ahead total inflation will be moderate, with relevant differences across regions.