Publication
Apr 2009
This working paper examines how and to what extent oil-price shocks impact China's economy, with an emphasis on the price transmission mechanisms. To that end, the authors develop a structural vector auto-regressive model, whose results show that an oil-price increase negatively affects output and investment, but positively affects inflation rate and interest rate.
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English (PDF, 31 pages, 731 KB) |
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Author | Weiqi Tang, Libo Wu, Zhong Xiang Zhang |
Series | East-West Center Working Papers |
Issue | 102 |
Publisher | East-West Center (EWC) |
Copyright | © 2009 East-West Center (EWC) |