...
  • 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>Emerging Markets Finance & Trade >Effects of Structural Oil Shocks on Output, Exchange Rate, and Inflation in the BRICS Countries: A Structural Vector Autoregression Approach
【24h】

Effects of Structural Oil Shocks on Output, Exchange Rate, and Inflation in the BRICS Countries: A Structural Vector Autoregression Approach

机译：结构性石油冲击对金砖国家的产出，汇率和通货膨胀的影响：结构矢量自回归方法

获取原文
获取原文并翻译 | 示例
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

In this study, we apply a structural vector autoregression (SVAR) model, combining the global crude oil market with each emerging economy, to investigate the effects of different types of oil shocks on industrial outputs, real exchange rates, and consumer price levels in each of the BRICS countries. The empirical results show that an oil supply shock has significant effects on Russia, while other countries are mainly influenced by an aggregate demand shock. Moreover, an oil-specific demand shock caused by expectation shifts or speculative activities is likely to induce a stagflation risk for China and India. However, these harmful effects are relatively delayed due to oil subsidies or price regulation measures.
机译：在这项研究中，我们应用结构向量自回归（SVAR）模型，将全球原油市场与每个新兴经济体相结合，以研究不同类型的石油冲击对每个国家的工业产出，实际汇率和消费者价格水平的影响金砖国家。实证结果表明，石油供应冲击对俄罗斯有重大影响，而其他国家则主要受到总需求冲击的影响。此外，由预期变化或投机活动引起的特定石油需求冲击可能会给中国和印度带来滞胀风险。但是，由于石油补贴或价格调节措施，这些有害影响相对较迟。

著录项

  • 来源
    《Emerging Markets Finance & Trade》 |2015年第6期|1129-1140|共12页
  • 作者

    Qiang Ji; Ming-Lei Liu; Ying Fan;

  • 作者单位

    Center for Energy and Environmental Policy Research, Institute of Policy and Management, Chinese Academy of Sciences, Beijing, China;

    Center for Energy and Environmental Policy Research, Institute of Policy and Management, Chinese Academy of Sciences, Beijing, China;

    Center for Energy and Environmental Policy Research, Institute of Policy and Management, Chinese Academy of Sciences, No. 15 Zhong Guan Cun Bei Yi Tiao Alley, Haidian District, Beijing 100190, China;

  • 收录信息
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

    aggregate demand shocks; emerging economies; oil-specific demand shocks; oil supply shocks; structural oil shocks;

    机译：总需求冲击;新兴经济体;石油需求冲击;供油冲击;结构性油震;

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号