Arbeitspapier

Oil price pass-through into inflation: The evidence from oil exporting countries

In this paper, we study the role of institutional quality in the cyclicality of macroeconomic policies of transition economies. Using annual data over 1996-2013, we find that the quality of institutions play a significant role in their ability to carry out counter-cyclical macroeconomic policy. This paper also analyzes the effects of monetary and fiscal shocks on output. Dividing the countries into two groups, namely CIS and non-CIS, we find that median impulse response of CIS countries´ GDP to monetary shock is negative, while in non-CIS countries this effect is close to zero. However, we find negative effect of fiscal shock on CIS countries´ GDP while the median effect of fiscal shock on GDP is very close to zero in non-CIS countries.

Sprache
Englisch

Erschienen in
Series: Graduate Institute of International and Development Studies Working Paper ; No. HEIDWP01-2016

Klassifikation
Wirtschaft
Thema
institutional quality
transition economies
macroeconomic policies
monetary
shocks
fiscal shocks

Ereignis
Geistige Schöpfung
(wer)
Karimli, Tural
Jafarova, Nigar
Aliyeva, Heyran
Huseynov, Salman
Ereignis
Veröffentlichung
(wer)
Graduate Institute of International and Development Studies
(wo)
Geneva
(wann)
2016

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Karimli, Tural
  • Jafarova, Nigar
  • Aliyeva, Heyran
  • Huseynov, Salman
  • Graduate Institute of International and Development Studies

Entstanden

  • 2016

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