Cebula, Cebula , Richard J.; Renas, Stephen M. - In: Economia Internazionale / International Economics 56 (2003) 3, pp. 315-322
imported crude oil lead to domestic inflation in Japan has validity. In a model where real GDP growth, money stock growth, and … greater the domestic inflation rate. This impact is exacerbated the greater the percentage of oil consumption that is imported … elevate the domestic inflation rate. Hence, it appears that this foundation of the monetary authority in Japan has validity …