The role of renewables in smoothing the impact of oil and gas price shocks on inflation: the LAC experience.

Simple item page
dc.contributor.authorCornejo, Magdalena
dc.contributor.authorHallack, Michelle
dc.contributor.authorMatias, David
dc.date.accessioned2025-05-27T20:38:48Z
dc.date.issued2025
dc.descriptionEste documento es la versión previa al documento publicado en Resources Policy (e-ISSN: 1873-7641) cuyo DOI es https://doi.org/10.1016/j.resourpol.2025.105577
dc.description.abstractThis paper examines the role of renewable electricity adoption in mitigating the impact of international fossil fuel price shocks on inflation in Latin America and the Caribbean (LAC), the region with the highest proportion of renewables in its energy mix. Utilizing data from 18 LAC countries spanning 2005 to 2021, we show that renewable electricity significantly reduces the transmission of fossil fuel price shocks to both energy-specific and overall inflation. Our findings indicate that countries with larger shares of renewable electricity generation experience notably smaller inflationary impacts in response to fluctuations in global oil prices. These results underscore the positive externalities of renewable energy investment, particularly its potential to reduce the transmission of global energy price volatility to local inflation.
dc.format.extent52 p.
dc.format.mediumapplication/pdf
dc.identifier.urihttps://repositorio.utdt.edu/handle/20.500.13098/13404
dc.languageeng
dc.publisherUniversidad Torcuato Di Tella. Escuela de Negocios
dc.relation.hasversionCornejo, M., Hallack, M., & Matias, D. (2025). The role of renewables in smoothing the impact of oil and gas price shocks on inflation: The LAC experience. Resources Policy, 105, 105577. https://doi.org/10.1016/j.resourpol.2025.105577
dc.relation.isversionofCornejo, M., Hallack, M., & Matias, D. (2025). The role of renewables in smoothing the impact of oil and gas price shocks on inflation: The LAC experience. Resources Policy, 105, 105577. https://doi.org/10.1016/j.resourpol.2025.105577
dc.rightsinfo:eu-repo/semantics/restrictedAccess
dc.rights.licensehttp://rightsstatements.org/page/InC/1.0/?language=es
dc.subjectInflación
dc.subjectInflation
dc.subjectCombustibles
dc.subjectFuels
dc.subjectPetróleo
dc.subjectFuente de energía renovable
dc.subjectRenewable energy sources
dc.subjectPetroleum
dc.subjectGas
dc.subjectFuente de energía no renovable
dc.subjectNonrenewable energy sources
dc.subject.keywordStructural VAR
dc.subject.keywordElectricity matrix
dc.titleThe role of renewables in smoothing the impact of oil and gas price shocks on inflation: the LAC experience.
dc.typeinfo:eu-repo/semantics/article
dc.type.versioninfo:eu-repo/semantics/acceptedVersion
organization.identifier.rorhttps://ror.org/04sxme922

Files

Original bundle

Now showing 1 - 1 of 1
Thumbnail Image
Name:
Posprint_Cornejo, Hallack, Matias_2025.pdf
Size:
8.13 MB
Format:
Adobe Portable Document Format
Download

License bundle

Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

Documentos de Investigación generados por la Escuela de Negocios