ASYMETRIA WPŁYWU CENOWYCH SZOKÓW NAFTOWYCH NA PRODUKCJĘ ORAZ INFLACJĘ WYBRANYCH KRAJÓW UNII EUROPEJSKIEJ
THE ASYMMETRY OF THE IMPACT OF OIL PRICE SHOCKS ON PRODUCTION AND INFLATION IN SELECTED EUROPEAN UNION COUNTRIES
Author(s): Andrzej GeiseSubject(s): Economy, National Economy, Supranational / Global Economy, EU-Accession / EU-DEvelopment
Published by: Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
Keywords: production; inflation; crude oil price; ARDL; European Union; oil price shocks; impulse response analysis;
Summary/Abstract: This paper applies the autoregressive models to investigate the impacts of an oil price change on economic activities in selected EU countries. We investigate the differences in the impact of oil shocks on the level of output and inflation in France, Germany, Netherlands, United Kingdom, EU, Poland, Czech Republic and Hungarian. We verified research hypothesis: The impact of oil price shocks on the level of output and inflation in EU economies is asymmetric. To verify the hypothesis we used econometric methods for the analysis of time series.
Journal: Metody Ilościowe w Badaniach Ekonomicznych
- Issue Year: XV/2014
- Issue No: 3
- Page Range: 53-64
- Page Count: 12
- Language: Polish