Oil Prices, Economic Activity and Inflation: Evidence for Some Asian Countries

• Autores: Juncal Cuñado Eizaguirre, Fernando Pérez de Gracia Hidalgo
• Localización: Working Papers ( Universidad de Navarra. Facultad de Ciencias Económicas y Empresariales ), Nº. 6, 2004, 36 págs.
• Idioma: inglés
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• Dialnet Métricas: 4 Citas
• Resumen

  • 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.