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https://hdl.handle.net/1822/13716| Título: | Oil and the macroeconomy : using wavelets to analyze old issues |
| Autor(es): | Conraria, Luís Aguiar Soares, M. J. |
| Palavras-chave: | Business cycles Wavelet coherency Oil shocks Wavelets Cross wavelets |
| Data: | 2011 |
| Editora: | Springer |
| Revista: | Empirical 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. |
| Tipo: | Artigo |
| URI: | https://hdl.handle.net/1822/13716 |
| DOI: | 10.1007/s00181-010-0371-x |
| ISSN: | 0377-7332 1435-8921 |
| Versão da editora: | http://www.springerlink.com/content/j509871gm576543v/ |
| Arbitragem científica: | yes |
| Acesso: | Acesso aberto |
| Aparece nas coleções: | DMA - Artigos (Papers) NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica |
Ficheiros deste registo:
| Ficheiro | Descrição | Tamanho | Formato | |
|---|---|---|---|---|
| Oil and the macroeconomy using wavelets to analyze old issues.pdf | Oil and the macroeconomy: using wavelets to analyze old issues | 677,99 kB | Adobe PDF | Ver/Abrir |
