[PDF] Top 20 OIL PRICE, EXCHANGE RATE AND DISAGGREGATE CONSUMER PRICES: CAUSALITY, IMPULSE RESPONSE, AND VARIANCE DECOMPOSITION

... the oil price, exchange rate and the eight disaggregate consumer prices ...disaggregated consumer price models indicated the evidence of long-run ... See full document

... Granger causality, impulse response analysis and variance decomposition showed that, in the short run, household consumption is only affected by changes in price levels, while it ... See full document

... the variance decomposition of inflation gap reported in Table 2 are suggestive that government credit from State Bank has much significant contribution to the standard error of inflation gap ...crude ... See full document

... and exchange rates, and frequent occurrences of climate and other natural disasters, changes of domestic and international futures markets are non-symmetrical, and their relationship is also time ...Granger ... See full document

... of oil price shocks on the Nigerian economy. The impulse response functions show that oil price shocks have immediate and prolonged effect on all the macroeconomic variables ... See full document

... of exchange rate shocks to prices in Albania from 2000Q1 to ...Cholesky decomposition scheme. Impulse-response functions give evidence for an incomplete “pass-through” of ... See full document

... of exchange rate shocks into import, wholesale and consumer price indexes in Iran by using a monthly data set for the period ...model. Impulse response functions show that ... See full document

... the prices for their ...Producer Price index and consumer price index is called ...Producer Price Index (PPI) and Consumer Price Index (CPI) was investigated through a ... See full document

... of exchange rate to domestic consumer price is an important link in the process of monetary policy ...domestic price level cannot remain immune to external price shocks that are ... See full document

... import price, exchange rate, national income and ...the impulse response function and forecast error variance decompositions (FEDVs) to determine the effect of exchange ... See full document

... the oil exporting countries, so the oil price plays a remarkable role in the government budget and is a major source of foreign ...to oil income as well as its fluctuations is a fact referred ... See full document

... crude oil and 6.4% Hydro (International Energy Agency, 2012). Crude oil is the main source of energy for the productive sectors of the Ghanaian ...the price and availability of crude oil can ... See full document

... run price elasticity of oil demand since the mid ...an oil production shortfall of the same magnitude is associated with a stronger response of oil prices and more severe ... See full document

... floating exchange rate regime in 2000 which is also evident from the study of (Khan and Qayyum, ...regime, exchange rate was found to be devalued by ...9/11 exchange rate which ... See full document

... The exchange rate can be a determining factor in evaluating the profitability and efficiency of investment ...Stable exchange rates create confidence in the domestic economy and as a result investors ... See full document

... Expectedly, the role of exports in enhancing economic performance also stands supreme. The major impetus for this relationship is the export-led growth (ELG) hypothesis which represents a dominant explanation in this ... See full document

... High growth coupled with a market driven exchange rate bears well for the economy. However, when growth falters and macroeconomic parameters start appearing vulnerable, one of the first casualties is the ... See full document

... one price and open economy macroeconomics. The law of one price assumes perfect competition, homogeneity, information, and adjustment of costs, home price of goods are the product of exchange ... See full document

... The oil industry has been a major player in the world’s ...the prices of this commodity affects countries’ economic conditions regardless of their position as an oil importing or exporting ... See full document

... volatile oil prices have reduced the competitiveness of exported products, which have to be road-transported to the port before being shipped to their destination, adding a margin to their ...selling ... See full document