Oil Price and the Dollar

The aim of this paper is to test whether a stable long-term relationship exists between oil prices and the US effective exchange rate, expressed in real terms. To this end, weproceed to a cointegration and causality study between the two variables. Our results indicate that causality runs from oil prices to the exchange rate and that the relationship between the two variables is transmitted through the US net foreign asset position.

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Year of publication:	2008
Authors:	Coudert, Virginie ; Mignon, Valérie ; Penot, Alexis
Institutions:	HAL
Subject:	oil prices \| effective exchange rate \| net foreign asset position \| cointegration \| causality \| error correction model

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Extent:	application/pdf
Series:	Post-Print.
Type of publication:	Book / Working Paper
Language:	English
Notes:	View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00353404/en/ Published, Energy Studies Review, 2008, 15, 2, ?
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008789406