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economy. On the other hand, however, the impact of oil price fluctuations on the People's Republic of China's inflation rate …The goal of this paper is to examine the impact of crude oil price movements on two macro variables, the gross domestic … product (GDP) growth rate and the consumer price index (CPI) inflation rate, in three countries, the People's Republic of …
Persistent link: https://www.econbiz.de/10013013904
We investigate an impact of oil-price shocks on GDP and exchange rate dynamics in resource-heterogeneous economies. We …-linear effects and timevarying parameters of the VAR process. Empirically we use quarterly data series in oil exporting, metal …-exporting, and less-resource-intensive economies. On average, real GDP in oil-exporting economies exhibits substantial contraction …
Persistent link: https://www.econbiz.de/10013369064
This paper examines the asymmetric impact of economic policy uncertainty (EPU) and oil price uncertainty (OPU) on … inflation by using a Nonlinear ARDL (NARDL) model, which is compared to a benchmark linear ARDL one. Using monthly data from the …, especially negative ones, have a stronger impact on inflation than OPU ones and capture some of the monetary policy uncertainty …
Persistent link: https://www.econbiz.de/10013543029
Autoregressive (SVAR) methodology is applied incorporating realized volatility as an indicator of oil price uncertainty to …This paper investigates the link between oil price uncertainty shocks and key macroeconomic indicators of a net oil … investigate the short run effects of oil price uncertainty. The Generalised Impulse Response Functions (GIRF) analysis reveals …
Persistent link: https://www.econbiz.de/10012023148
Persistent link: https://www.econbiz.de/10011442055
Persistent link: https://www.econbiz.de/10013553138
production volatility, significantly increases the responsiveness of oil prices to oil shocks. This implies a lower price … volatility. Also the impact of oil shocks on economic activity appears to be significantly stronger in uncertain times. -- oil …This paper evaluates whether macroeconomic uncertainty changes the impact of oil shocks on the oil price. Using a …
Persistent link: https://www.econbiz.de/10009621702
volatility to estimate the changing spillover of global oil shocks into the Maltese economy during the period that goes from … prices. The results evidence how Great Recession and COVID-19 pandemic are associated with higher inflation responsiveness …. Notwithstanding, the response of energy inflation gradually declines and, as a consequence, the medium-term pass-through from …
Persistent link: https://www.econbiz.de/10014380679
link between oil shocks and the volatility of economic growth. A new measure of oil shocks is developed and shown to be … volatility to oil price changes. Uncertainty about future growth is considerably lower compared to a benchmark AR(1) model when …This paper shows that oil shocks primarily impact economic growth through the conditional variance of growth. Our …
Persistent link: https://www.econbiz.de/10014114772
Ghana is poised to be one of the fastest growing economies in Sub-Saharan Africa because of its emerging oil and gas … industry. Ghana's discovery of oil in commercial quantities in 2007 and its commencement of production in 2010 are expected to … based on the features of the Ghanaian Economy. We then examined the persistent effects of world oil price and monetary …
Persistent link: https://www.econbiz.de/10012999305