http://repositorio.bce.ec/handle/32000/2345
Título : | The Macroeconomic Effects of Oil Shocks in Three Latin American Economies. |
Autor : | Alarcon Galarza, Juan Carlos. Molero García, Juan Carlos. Pérez de Gracia, Fernando. |
Palabras clave : | oil price shocks economic growth inlation Brazil Colombia Perú |
Fecha de publicación : | 15-dic-2016 |
Editorial : | Quito, Ecuador : Banco Central del Ecuador. |
Citación : | Alarcon Galarza, Juan Carlos. Molero García, Juan Carlos. Pérez de Gracia, Fernando. (2016). The Macroeconomic Effects of Oil Shocks in Three Latin American Economies. Cuestiones económicas, 26 (2), 145-171 |
Resumen : | In this paper we study the impact of oil price shocks on real economic activity and inlation 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 di朽erent oil shock speciications. We ind a strong and prolonged increase in inlation in Brazil after an oil price shock and a negative e朽ect with respect to economic growth. We ind less signiicant results for Colombia and Peru that can be explained by the distorted pass-through of oil price shocks to domestic prices. |
URI : | http://repositorio.bce.ec/handle/32000/2345 |
ISSN : | 2477-9059 |
Aparece en las colecciones: | Cuestiones Económicas Vol. 26 No. 2, 2016 |
Fichero | Descripción | Tamaño | Formato | |
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4 THE MACROECONOMIC EFFECTS.pdf | 536,5 kB | Adobe PDF | Visualizar/Abrir |
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