Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/310359 
Year of Publication: 
2024
Series/Report no.: 
Economic Memo No. 7
Publisher: 
Danmarks Nationalbank, Copenhagen
Abstract: 
Going forward, Europe risks more volatile energy prices due to geoeconomic fragmentation, climate change and the transition to renewable energy sources. This economic memo explores the pass-through from changes in energy prices to consumer prices in Denmark and the euro area. The results indicate that increases in the price of natural gas or crude oil have a greater effect on consumer prices than decreases. Awareness of this asymmetry is important for central banks in safeguarding price stability.
Document Type: 
Research Report

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