The target of this dissertation is to
investigate
the consequences of oil price
fluctuations on
two
macroeconomic variables,
economic growth and inflation
in
United
States (US, hereafter). The analysis takes place in both the time and the
frequency domain and the results indicate that oil prices have a significant but
declining
effect
on the economy. Impulse responses are employed in order to
quantify these
effects and
the findings
once again verify that
any causality channel
running from oil prices innovations to
both
economic growth
and
inflation have
an unsubstantial
impact.
Collections
Show Collections
