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

Juncal Cuñado () and Fernando Pérez de Gracia ()

No 06/04, Faculty Working Papers from School of Economics and Business Administration, University of Navarra

Abstract: 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.

JEL-codes: E32 O53 Q43 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2004-04-01
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Citations: View citations in EconPapers (8)

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Journal Article: Oil prices, economic activity and inflation: evidence for some Asian countries (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:una:unccee:wp0604

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