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In this paper, we examine the long-­- and short-­-run dynamics between
Persistent link: https://www.econbiz.de/10010782088
Recent decades have seen a considerable expansion of global trade and a simultaneous decline in inflation volatility … effect of openness on inflation volatility. This relationship is estimated after controlling for the potential endogenity of … relationship between openness and inflation volatility is more pronounced in developing and emerging market economies thanin OECD …
Persistent link: https://www.econbiz.de/10009642424
Recent decades have seen a considerable expansion of global trade and a simultaneous decline in inflation volatility … effect of openness on inflation volatility. This relationship is estimated after controlling for the potential endogeneity of … relationship between openness and inflation volatility is more pronounced in developing and emerging market economies than in OECD …
Persistent link: https://www.econbiz.de/10010605138
Recent decades have seen a considerable expansion of global trade and a simultaneous decline in inflation volatility … effect of openness on inflation volatility. This relationship is estimated after controlling for the potential endogeneity of … relationship between openness and inflation volatility is more pronounced in developing and emerging market economies than in OECD …
Persistent link: https://www.econbiz.de/10005730321
on economic indicators. The Two channels which oil price changes directly or indirectly affect inflation as the most … present paper attempts to investigate the nature and causes of oil price pass-through into inflation in the short …/3. The findings showed that the oil price pass-through into inflation in both short-and-long term were Positive and …
Persistent link: https://www.econbiz.de/10010938185
-dimensional role in inflation. To put it differently, oil revenues impact inflation through exchange rate, government budget … contradictory effects on inflation. Therefore, investigating and analyzing the pass-through of oil shocksinto inflation and …-through of oil price and investigating its effect on inflation by means of hidden co-integration approach, analysis, and …
Persistent link: https://www.econbiz.de/10010801083
the effect of oil shocks on inflation. First, we estimate the traditional Phillips curve augmented to include oil and test … countries for which we have sufficient data. We derive impulse response functions of inflation to oil shocks and interpret the … integrals as estimates of pass-through. We find that the effect of oil shocks on inflation has weakened for most of the 12 …
Persistent link: https://www.econbiz.de/10008558637
In this study, the analysis was that the capacity of creating inflation depends on oil prices as the one of energy … exporting countries through oil prices. At the same time, the rises of oil prices causes inflation because it increases the … privately affected by oil use. In that case, oil import is both efficient on inflation and on growth. Tested hypothesis in the …
Persistent link: https://www.econbiz.de/10011108309
The two oil shocks of the 1970s reduced the GDP growth rate, and since that period, sudden oil price increases have …), dynamic regression model (DRM) and VAR model to evaluate the impact of oil price increases on the U.S economic growth. Our … significant effect caused by the existence of breakpoints and the asymmetric effects of the oil price variations. …
Persistent link: https://www.econbiz.de/10010555768
lagged income level exhibit little explanatory power towards relative inflation, while the lagged price level has some … relative inflation and GDP growth, but the process of convergence appears to be rather slow. In the short term the capital … inflows associated with current account deficits put substantial upward pressure on the relative price inflation, while the …
Persistent link: https://www.econbiz.de/10008540502