Utilize este identificador para referenciar este registo: http://hdl.handle.net/1822/13716

TítuloOil and the macroeconomy : using wavelets to analyze old issues
Autor(es)Conraria, Luís Aguiar
Soares, M. J.
Palavras-chaveBusiness cycles
Wavelet coherency
Oil shocks
Cross wavelets
RevistaEmpirical Economics
Resumo(s)We use (cross) wavelet analysis to decompose the time–frequency effects of oil price changes on the macroeconomy. We argue that the relation between oil prices and industrial production is not clear-cut. There are periods and frequencies where the causality runs from one variable to the other and vice-versa, justifying some instability in the empirical evidence about the macroeconomic effects of oil price shocks. We also show that the volatility of both the inflation rate and the industrial output growth rate started to decrease in the decades of 1950 and 1960.
Versão da editorahttp://www.springerlink.com/content/j509871gm576543v/
Arbitragem científicayes
Aparece nas coleções:NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica
DMA - Artigos (Papers)

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