The Links between the Price of Oil and the Value of US Dollar

Yi Zhang
Additional contact information
Yi Zhang: Suffolk University, Boston, USA

International Journal of Energy Economics and Policy, 2013, vol. 3, issue 4, 341 - 351

Abstract: Using monthly data, this paper studies the cointegration between the real price of oil and the real effective exchange rate of US dollar allowing for structural breaks. Contrary to the conclusion from previous literature, this paper finds that the cointegration between the oil price and the value of US dollar does not significantly exist unless the effects of two structural breaks in the past, November 1986 and February 2005, are controlled for.

Keywords: Oil price; Exchange rate; Cointegration (search for similar items in EconPapers)
JEL-codes: C32 F31 Q43 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (21)

Downloads: (external link)
http://www.econjournals.com/index.php/ijeep/article/download/546/307 (application/pdf)
http://www.econjournals.com/index.php/ijeep/article/view/546/307 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2013-04-19

Ordering information: This journal article can be ordered from
https://econjournals.com/index.php/ijeep

Access Statistics for this article

More articles in International Journal of Energy Economics and Policy from International Journal of Energy Economics and Policy
Bibliographic data for series maintained by Monica Sinhat ().