The effects of oil prices on inflation, interest rates and money

摘要: Recently, most of the relevant studies (see, e.g. Atukeren [5], Ayadi [6], Roeger [38], Trehan [44], Bermingham [7], Oladosu [34]) have focused on oil price shocks to economy variables such as GDP, interest rates, inflation, and industrial production, but few external possible reaction monetary policies. Thus, this paper includes money in empirical models investigates relationships among prices, rates money. The policy might take time be effective, so concerns lag-chosen issues will vital from aspect research. Then, different criteria symmetric asymmetric lag-lengths chosen are placed a stressed situation study with regard lag concerns. We find that results quite robust concerning various criteria, models, series models. So, it implies policies still matter after accounting for energetic variable, above robustness