scholarly journals OIL PRICE SHOCKS AND OIL REVENUE: INVESTIGATING THE PROPOSITIONS FOR WELL-BEING IN NIGERIA

2021 ◽  
Vol 11 (5) ◽  
pp. 59-65
Author(s):  
Abiodun Edward Adelegan ◽  
Emmanuel Otu ◽  
Michael Oguwuike Enyoghasim ◽  
Uwazie Iyke Uwazie ◽  
C. Paul Obidike
Keyword(s):  
Well Being ◽  
Oil Price ◽  
Oil Price Shocks ◽  
Price Shocks ◽  
Oil Revenue

Monetary policy and the effect of the transfer of oil prices to inflation

2020 ◽  
pp. 41-50
Author(s):  
Ph. S. Kartaev ◽  
I. D. Medvedev
Keyword(s):  
Monetary Policy ◽  
Inflation Targeting ◽  
Dynamic Models ◽  
Oil Prices ◽  
Oil Price ◽  
Oil Price Shocks ◽  
Negative Effects ◽  
Price Shocks ◽  
Policy Regime ◽  
The Impact

The paper examines the impact of oil price shocks on inflation, as well as the impact of the choice of the monetary policy regime on the strength of this influence. We used dynamic models on panel data for the countries of the world for the period from 2000 to 2017. It is shown that mainly the impact of changes in oil prices on inflation is carried out through the channel of exchange rate. The paper demonstrates the influence of the transition to inflation targeting on the nature of the relationship between oil price shocks and inflation. This effect is asymmetrical: during periods of rising oil prices, inflation targeting reduces the effect of the transfer of oil prices, limiting negative effects of shock. During periods of decline in oil prices, this monetary policy regime, in contrast, contributes to a stronger transfer, helping to reduce inflation.

Sign in / Sign up

Export Citation Format

Share Document