1. Repositorio Digital del Banco Central del Ecuador
2. 1.- Publicaciones del Banco Central del Ecuador
3. Cuestiones Económicas
4. Cuestiones Económicas Vol. 26 No. 2, 2016

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

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