Oil price change on inflation

This study is aimed at investigating the asymmetric effect of oil price change on inflation for Sub Saharan Africa (SSA) countries. Based on the findings from the dynamic heterogenous nonlinear panel ARDL estimation, a panel data representation of Shin et al. (2014), the long run asymmetric relationship exists between both oil price increase (op+) and decrease (op− ) and inflation for these countries. Nevertheless, the oil price increase tends to exert more effect on inflation than the oil price decrease.

11p nguaconbaynhay10 22-02-2021 2 0   Download

The aim of the study is to find the empirical analyses of the impact of oil price fluctuation on the monetary instrument in Nigeria, by looking at their relationships. Specifically, we analyzed the role of Exchange rate, Inflation, Interest rate and how they respond to shocks in oil price. We explored the frequently used Toda–Yamamoto model (TY), by adopting the TY modified Wald (MWALD) test approach to causality, forecast error variance decomposition (FEVD) and impulse response functions (IRFs).

8p kethamoi7 15-08-2020 5 0   Download

In this paper, the Cheung-Ng procedure and the rolling correlation method are used to examine how the connection between the crude oil market and the macroeconomic fundamentals of the 2000s differs from the 70s. Our findings show that the economic meltdown (e.g. 2007-08) becomes positively correlated with oil price changes. Indeed, from the 90s the role of oil supply shocks is attenuated compared with the role of aggregate demand to drive the oil price volatility. Hence, the US economic recession leads to rising oil price volatility in the long-term.

24p trinhthamhodang2 21-01-2020 18 0   Download

Prices are of great importance in macroeconomics as indeed they are in microeconomics. However, in microeconomics we are more interested in prices of individual goods and services and such prices are rarely important for the economy as a whole although there are exceptions (for example, the price of oil). In macroeconomics we are more interested in how prices change on average. We define the price level as a weighted average of several different prices.

0p sofia11 17-05-2012 102 37   Download

Prices are of great importance in macroeconomics as indeed they are in microeconomics. However, in microeconomics we are more interested in prices of individual goods and services and such prices are rarely important for the economy as a whole although there are exceptions (for example, the price of oil). In macroeconomics we are more interested in how prices change on average. We define the pricelevel as a weighted average of several different prices.

165p tuanloc_do 04-12-2012 58 6   Download