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

Wu, Manhwa; Ni, Yensen

doi:10.1016/j.energy.2011.04.028

Cited by 51 publications

(22 citation statements)

References 35 publications

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“…Mork [73] also confirms that the negative correlation with oil price increases is persistent. Furthermore, researchers have not only shed the light on establishing a relationship between oil price fluctuations and economic growth, they have assigned major roles to each of them in a number of macroeconomic models [18,24,43,85,96]. For example Hall [39], exploits the information from oil prices in order to identify supply of and demand for labour.…”

Section: Oil Price and Economic Growthmentioning

confidence: 99%

Analysing the long-run relationship among oil market, nuclear energy consumption, and economic growth: An evidence from emerging economies

Naser

2015

Energy

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Section: Oil Price and Economic Growthmentioning

confidence: 99%

Analysing the long-run relationship among oil market, nuclear energy consumption, and economic growth: An evidence from emerging economies

Naser

2015

Energy

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“…Actually, many studies have been focused on the impacts of oil price shocks on macroeconomic variables and other markets [e.g. 20,27,34], while economic recession can also exert its specific influence on the oil market by changing the oil supply-demand balance. Hammoudeh and Li [16] find that the Asian crisis has weakened the long-term relationship between oil spot and futures prices.…”

Section: Introductionmentioning

confidence: 99%

Oil price volatility and oil-related events: An Internet concern study perspective

Guo

2015

Applied Energy

208

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“…This method is proved to have higher power of test compared to the Ordinary Least Squares method [19]. Due to reason that the inflation pressure also involves time lag effect and meanwhile in order to ensure robustness in the estimations [20], the study tests for the time lag effect up to 10-year long.…”

Section: The Study and Methodologymentioning

confidence: 99%

Innovation, Tourism Demand and Inflation: Evidence from 14 European Countries

Yong¹

2014

JOEBM

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Abstract-The purpose of the paper is to investigate how inflation have altered the contribution of innovation to the tourism demand to the European countries during the last few decades. A hypothesis is proposed to prove that innovation of highly innovative countries in promoting their tourism industry. In addition, it is to assess how this relationship has been altered by the costs of inflation in the countries. Based on the recent Global Innovation Index (GII), 14 European countries are chosen as sample, while these countries have been incurring the inflation over the sample period, 1988-2010. A fixed-effect panel data framework is estimated with the Feasible Generalized Least Squares method with bias correction. The study utilizes innovation indicator to access the impact of costs on innovation to the tourism sector. To ensure robustness of estimation, the study focuses on the sensitivity of estimation with respects to the time lag by estimating the models with sufficient number of time lag, while also ensuring the sufficient degree of freedom for the estimation. The result supports the hypothesis that the countries have increasingly stronger position of innovation to the tourism industry and this benefit is not altered by the inflation pressure occurred in the countries.

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

Cited by 51 publications

References 35 publications

Analysing the long-run relationship among oil market, nuclear energy consumption, and economic growth: An evidence from emerging economies

Analysing the long-run relationship among oil market, nuclear energy consumption, and economic growth: An evidence from emerging economies

Oil price volatility and oil-related events: An Internet concern study perspective

Innovation, Tourism Demand and Inflation: Evidence from 14 European Countries

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