Chile paper finds increased pass-through from international to local inflation in OECD
Paper analyses pass-through relationship in 31 OECD countries
There is, on average, a non-negligible predictive pass-through from international to local inflation both at the core and headline levels among Organisation for Economic Co-operation and Development (OECD) countries, according to a Central Bank of Chile working paper.
The Elusive Predictive Ability of Global Inflation, by Carlos Medel, Michael Pedersen, and Pablo Pincheira, analyse the contribution of international inflation rates in predicting local ones by looking at the current 31 OECD
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