The Macroeconomic Effects of Oil Shocks in Three Latin American Economies
In this paper we study the impact of oil price shocks on real economic activity and inflation rates in three Latin American economies (Brazil, Colombia and Peru) using a Vector AutoRegressive (VAR) model over the period 1991:M01-2014:M01. We also consider different oil shock specification....
সংরক্ষণ করুন:
| প্রধান লেখক: | |
|---|---|
| অন্যান্য লেখক: | , |
| বিন্যাস: | article |
| ভাষা: | spa |
| প্রকাশিত: |
2019
|
| বিষয়গুলি: | |
| অনলাইন ব্যবহার করুন: | https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/72 |
| ট্যাগগুলো: |
ট্যাগ যুক্ত করুন
কোনো ট্যাগ নেই, প্রথমজন হিসাবে ট্যাগ করুন!
|
ট্যাগ যুক্ত করুন | _version_ | 1858113929866117120 |
|---|---|
| author | Alarcon Galarza, Juan Carlos |
| author2 | Molero García, Juan Carlos Pérez de Gracia, Fernando |
| author2_role | author author |
| author_facet | Alarcon Galarza, Juan Carlos Molero García, Juan Carlos Pérez de Gracia, Fernando |
| author_role | author |
| collection | Revista Cuestiones Económicas |
| dc.creator.none.fl_str_mv | Alarcon Galarza, Juan Carlos Molero García, Juan Carlos Pérez de Gracia, Fernando |
| dc.date.none.fl_str_mv | 2019-12-15 |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/72 |
| dc.language.none.fl_str_mv | spa |
| dc.publisher.none.fl_str_mv | Banco Central del Ecuador |
| dc.relation.none.fl_str_mv | https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/72/27 |
| dc.rights.none.fl_str_mv | info:eu-repo/semantics/openAccess |
| dc.source.none.fl_str_mv | Cuestiones Económicas; Vol. 26 Núm. 2 (2016): Revista Cuestiones Económicas; Autores: Juan Carlos Alarcon Galarza, Juan Carlos Molero García, Fernando Pérez de Gracia 2697-3367 2697-3367 reponame:Revista Cuestiones Económicas instname:Banco Central del Ecuador instacron:BCE |
| dc.subject.none.fl_str_mv | oil price shock economic growth inflation Brazil Colombia Peru VAR |
| dc.title.none.fl_str_mv | The Macroeconomic Effects of Oil Shocks in Three Latin American Economies |
| dc.type.none.fl_str_mv | info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Artículos de Investigación |
| description | In this paper we study the impact of oil price shocks on real economic activity and inflation rates in three Latin American economies (Brazil, Colombia and Peru) using a Vector AutoRegressive (VAR) model over the period 1991:M01-2014:M01. We also consider different oil shock specification. We find a strong and prolonged increase in inflation in Brazil after al oil price shock and negative effect with respect to economic growth. We find less significant results for Colombia and Peru that can be explained by the distorted pass-through of oil price shocks to domestic prices. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | REVCUESTEC_4d2bb33d452292e8bdbc392ab210fbd9 |
| instacron_str | BCE |
| institution | BCE |
| instname_str | Banco Central del Ecuador |
| language | spa |
| network_acronym_str | REVCUESTEC |
| network_name_str | Revista Cuestiones Económicas |
| oai_identifier_str | oai:estudioseconomicos.bce.fin.ec:article/72 |
| publishDate | 2019 |
| publisher.none.fl_str_mv | Banco Central del Ecuador |
| reponame_str | Revista Cuestiones Económicas |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | Revista Cuestiones Económicas - Banco Central del Ecuador |
| repository_id_str | |
| spelling | The Macroeconomic Effects of Oil Shocks in Three Latin American EconomiesAlarcon Galarza, Juan Carlos Molero García, Juan CarlosPérez de Gracia, Fernandooil price shockeconomic growthinflationBrazilColombiaPeruVARIn this paper we study the impact of oil price shocks on real economic activity and inflation rates in three Latin American economies (Brazil, Colombia and Peru) using a Vector AutoRegressive (VAR) model over the period 1991:M01-2014:M01. We also consider different oil shock specification. We find a strong and prolonged increase in inflation in Brazil after al oil price shock and negative effect with respect to economic growth. We find less significant results for Colombia and Peru that can be explained by the distorted pass-through of oil price shocks to domestic prices.Banco Central del Ecuador2019-12-15info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArtículos de Investigaciónapplication/pdfhttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/72Cuestiones Económicas; Vol. 26 Núm. 2 (2016): Revista Cuestiones Económicas; Autores: Juan Carlos Alarcon Galarza, Juan Carlos Molero García, Fernando Pérez de Gracia2697-33672697-3367reponame:Revista Cuestiones Económicasinstname:Banco Central del Ecuadorinstacron:BCEspahttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/72/27info:eu-repo/semantics/openAccess2019-12-17T02:08:23Zoai:estudioseconomicos.bce.fin.ec:article/72Portal de revistashttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCEOrganismo de gobiernowww.bce.fin.echttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/oaiEcuadoropendoar:2019-12-17T02:08:23falsePortal de revistashttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCEOrganismo de gobiernowww.bce.fin.echttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/oaiEcuadoropendoar:2019-12-17T02:08:23Revista Cuestiones Económicas - Banco Central del Ecuadorfalse |
| spellingShingle | The Macroeconomic Effects of Oil Shocks in Three Latin American Economies Alarcon Galarza, Juan Carlos oil price shock economic growth inflation Brazil Colombia Peru VAR |
| status_str | publishedVersion |
| title | The Macroeconomic Effects of Oil Shocks in Three Latin American Economies |
| title_full | The Macroeconomic Effects of Oil Shocks in Three Latin American Economies |
| title_fullStr | The Macroeconomic Effects of Oil Shocks in Three Latin American Economies |
| title_full_unstemmed | The Macroeconomic Effects of Oil Shocks in Three Latin American Economies |
| title_short | The Macroeconomic Effects of Oil Shocks in Three Latin American Economies |
| title_sort | The Macroeconomic Effects of Oil Shocks in Three Latin American Economies |
| topic | oil price shock economic growth inflation Brazil Colombia Peru VAR |
| url | https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/72 |