The effects of oil prices on inflation, interest rates and money
學年 99
學期 2
出版（發表）日期 2011-07-01
作品名稱 The effects of oil prices on inflation, interest rates and money
作品名稱（其他語言）
著者 Wu, Man-hwa; Ni, Yen-sen
單位 淡江大學管理科學學系
出版者 London: Elsevier Ltd
著錄名稱、卷期、頁數 Energy 36(7), pp.4158-4164
摘要 Recently, most of the relevant studies (see, e.g. Atukeren [5], Ayadi [6], Roeger [38], Trehan [44], Bermingham [7], Oladosu [34]) have focused on oilprice shocks to the economy variables such as GDP, interestrates, inflation, and industrial production, but few studies have focused on external shocks to the possible reaction of monetary policies. Thus, this paper includes money variables in empirical models and investigates the relationships among oilprices, inflation, interestrates and money. The monetary policy might take time to be effective, so the concerns of lag-chosen issues will be vital issues from the aspect of this research. Then, different lag-chosen criteria and symmetric and asymmetric lag-lengths chosen are placed in a stressed situation in this study with regard to monetary lag concerns. We find that the empirical results are quite robust concerning various lag-chosen criteria, symmetric and asymmetric models, and different time series models. So, it implies that monetary policies still matter after accounting for the oilprices, the energetic variable, with the above robustness concerns.
關鍵字 Monetary policy;Oil price;Lag-chosen criteria
語言 en
ISSN 0360-5442
期刊性質 國外
收錄於 SCI
產學合作
通訊作者 Wu, Man-Hwa
審稿制度 是
國別 GBR
公開徵稿
出版型式 ,紙本
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