Oil-price shocks and the macro-economy: Does the exchange rate regime matter?
Using a panel Vector Auto-Regression (panel VAR) of nine of the OECD’s major oil-importing countries and Reinhart and Rogoff’s de facto classification of exchange rate regimes, we find support for the hypothesis that flexible exchange regimes better absorb oil-price shocks. The price level, output,...
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| フォーマット: | Conference or Workshop Item |
| 言語: | English |
| 出版事項: |
2007
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| オンライン･アクセス: | http://repo.uum.edu.my/2350/1/Almukhtar_Al-Abri.pdf http://repo.uum.edu.my/2350/ |
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