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 …

We study the impact of fluctuations in global oil prices on domestic inflation using an unbalanced panel of 72 advanced … and developing economies over the period from 1970 to 2015. We find that a 10 percent increase in global oil inflation … increases, on average, domestic inflation by about 0.4 percentage point on impact, with the effect vanishing after two years and …

This paper examines the impact of oil price on economic growth in seven low-income oil-importing sub-Saharan African … Distributive Lag (panel-ARDL), we examined the impact of oil price on economic growth in the short and long run. The results show … that oil price does not have a significant impact on economic growth in the short run for the group, but has a negative …

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 …

prices. Given such misdiagnosis risk, the results in this paper strengthen the case for targeting headline inflation as part …://ssrn.com/abstract=2420025" Globalisation, Inflation and Monetary Policy in Asia and the Pacific …

inflation moderation, and 13% of the growth moderation, while smaller oil shocks accounted for 11% of the inflation moderation … in oil shocks and the oil share in GDP. To do this we estimate a DSGE model with an oil-producing sector before and after … 1984 and perform counterfactual simulations. We nest two popular explanations for the Great Moderation: (1) smaller (non-oil …

Using U.S. data from Monday of each week, this paper estimates oil price pass-through into consumer prices (PC) and oil … direct PC (representing oil price effects on consumer prices through gasoline retail prices) versus indirect PC (representing … oil price effects on consumer prices through ex-gasoline prices). While direct PC contributes more in the short …

patterns in economic activity and inflation following oil price shocks in the euro area. In the normal regime, oil price shocks … direction as the oil price. The responses of inflation expectations and wage growth point to second-round effects as a potential …We investigate whether the response of the macro-economy to oil price shocks undergoes episodic changes. Employing a …