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英文文献：How Does the Oil Price Shock Affect Consumers?-油价冲击如何影响消费者?
英文文献作者：Liping Gao,Hyeongwoo Kim,Richard Saba
英文文献摘要：
This paper evaluates the degree of the pass-through effect of the oil price shock using disaggregated CPIs in the US. We find a significantly positive effect of the oil price shock only on energy-intensive CPIs, which imply that the strong pass-through effect on the total CPI is mainly driven by substantial increases in prices of energy-related commodities. Unexpected changes in the oil price may result in decreases in the budget for non-energy commodities, if the demand for energy is inelastic (Edelstein and Kilian, 2009). Decreases in the demand for non-energy commodities will then result in limited pass-through effects on prices of those goods, which is consistent with our empirical findings.
本文利用美国的分类cpi来评价油价冲击的传递效应程度。我们发现，石油价格冲击仅对能源密集型CPI产生显著的正影响，表明对总CPI的强传递效应主要是由能源相关商品价格的大幅上涨驱动的。如果对能源的需求是无弹性的，石油价格的意外变化可能会导致对非能源商品的预算减少(Edelstein和Kilian, 2009)。对非能源商品需求的减少会对这些商品的价格产生有限的传递效应，这与我们的经验发现是一致的。
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