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.
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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