文献详情
The Role of China's Demand in Global Oil Price Dynamics
文献类型：期刊
通讯作者：Zhang, W (reprint author), Renmin Univ China, Dept Econ, 59 Zhongguancun St, Beijing 100872, Peoples R China.
期刊名称：EMERGING MARKETS FINANCE AND TRADE
年：2019
卷：55
期：6
页码：1199-1215
ISSN：1540-496X
关键词：China; oil prices; supply and demand shocks; time-varying coefficients; vector autoregression
摘要：Using a time-varying parameter VAR model, this article documents the evolution in the responses of the global oil market and the Chinese economy to the identified oil supply shock and the China demand shock. The positive oil supply shock raises output while reduces inflation in China, but the effects are more ambiguous compared with the advanced economies. The counterfactual simulations point to an important role of the China demand shock in driving up the oil price during 2007-2008 and the post ...More
Using a time-varying parameter VAR model, this article documents the evolution in the responses of the global oil market and the Chinese economy to the identified oil supply shock and the China demand shock. The positive oil supply shock raises output while reduces inflation in China, but the effects are more ambiguous compared with the advanced economies. The counterfactual simulations point to an important role of the China demand shock in driving up the oil price during 2007-2008 and the postrecession recovery phase. ...Hide

DOI：10.1080/1540496X.2018.1445621
百度学术：The Role of China's Demand in Global Oil Price Dynamics
语言：外文
被引频次：1
人气指数：1
浏览次数：1
基金：Fundamental Research Funds for the Central UniversitiesFundamental Research Funds for the Central Universities; Research Funds of Renmin University of China [17XNF014]
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