---
title: News shocks and inflation: theory and evidence from large oil discoveries
url: https://www.ml-quant.com/papers/repec/bis-biswps-1389/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-11-06
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:bis:biswps:1389
source_url: https://econpapers.repec.org/RePEc:bis:biswps:1389
featured: 2026-11-06
citations: unknown
topic: Econometrics & Forecasting
---


# News shocks and inflation: theory and evidence from large oil discoveries

Large oil discoveries with production lags of five years show that anticipated future output raises core inflation a decade ahead, with effects concentrated in nontradables under fixed exchange rates.

- Source: https://econpapers.repec.org/RePEc:bis:biswps:1389
- Identifier: RePEc:bis:biswps:1389
- Released: 2026-11-02
- First featured: Quant Letter No. 138 (2026-11-06): https://www.ml-quant.com/issues/2026-11-06/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Econometrics & Forecasting
- Authors: Bohou Cai, Liugang Sheng, Hongyan Zhao

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