Cebula, Cebula , Richard J.; Renas, Stephen M. - In: Economia Internazionale / International Economics 56 (2003) 3, pp. 315-322
This study empirically investigates whether the assumption of the monetary authority in Japan that rising prices on imported crude oil lead to domestic inflation in Japan has validity. In a model where real GDP growth, money stock growth, and the relative dependence on imported oil are allowed...