The impact of oil shocks on exchange rates: A Markov-switching approach (EE, 16)

是 否 +2 论坛币

k人 参与回答

经管之家送您一份

应届毕业生专属福利!

求职就业群

赵安豆老师微信：zhaoandou666

经管之家联合CDA

送您一个全额奖学金名额~ !

立即领取

感谢您参与论坛问题回答

经管之家送您两个论坛币！

+2 论坛币

《The impact of oil shocks on exchange rates: A Markov-switching approach》


此篇论文发表在2016年Energy Economics上。 作者使用马尔可夫转换模型来分析石油冲击对进出口石油国之间的实际汇率的影响。


要点

•

Markov-switching models to investigate the impact of oil shocks on real exchange rates

•

Exchange rate appreciation in oil exporting economies after oil demand shocks

•

Limited evidence that oil supply shocks affect exchange rates

•

Global economic demand shocks affect exchange rates.

简介

This paper uses Markov-switching models to investigate the impact of oil shocks on real exchange rates for a sample of oil exporting and oil importing countries. This is an important topic to study because an oil shock can affect a country's terms of trade which can affect its competitiveness. We detect significant exchange rate appreciation pressures in oil exporting economies after oil demand shocks. We find limited evidence that oil supply shocks affect exchange rates. Global economic demand shocks affect exchange rates in both oil exporting and importing countries, though there is no systematic pattern of appreciating and depreciating real exchange rates. The results lend support to the presence of regime switching for the effects of oil shocks on real exchange rates.

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

分享0 收藏1 回帖

关键词：switching Approach exchange Exchang switch exchange economic evidence impact demand