Oil prices, economic activity and inflation: evidence for some Asian countries

被引：353

作者：

Cunado, J. ^{[1
]}

Perez de Gracia, F. ^{[2
]}

机构：

[1] Univ Navarra, Dept Quantitat Methods, E-31080 Pamplona, Spain

[2] Univ Navarra, Dept Econ, E-31080 Pamplona, Spain

来源：

QUARTERLY REVIEW OF ECONOMICS AND FINANCE | 2005年 / 45卷 / 01期

关键词：

Oil price shocks; Inflation; Economic activity;

D O I：

10.1016/j.qref.2004.02.003

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper we study the oil prices-macroeconomy relationship by means of studying the impact of oil price shocks on both economic activity and consumer price indexes for six Asian countries over the period 1975Q1-2002Q2. The results suggest that oil prices have a significant effect on both economic activity and price indexes, although the impact is limited to the short run and more significant when oil price shocks are defined in local currencies. Moreover, we find evidence of asymmetries in the oil prices-macroeconomy relationship for some of the Asian countries. (C) 2004 Board of Trustees of the University of Illinois. All rights reserved.

引用

页码：65 / 83

页数：19

共 33 条

[1] Estimation of direct and indirect impact of oil price on growth [J].