TY  - JOUR
T1  - Exploring the Impacts of Oil Price Shocks on Domestic Inflation
AU - Kun Sek, Siok AU - Sheng Tan, Tong 
JO  - Journal of Engineering and Applied Sciences
VL  - 11
IS  - 9
SP  - 1880
EP  - 1885
PY  - 2016
DA  - 2001/08/19
SN  - 1816-949x
DO  - jeasci.2016.1880.1885
UR  - https://makhillpublications.co/view-article.php?doi=jeasci.2016.1880.1885
KW  - Oil price shocks
KW  -inflation
KW  -cointegration
KW  -cost
KW  -group
AB  - We conduct panel data analyses to investigate the impacts of oil price on determining domestic inflation in two groups of economies, namely the oil importing and oil exporting countries. Each group consists of ten countries. Besides, we also compare the relative effects of oil price with other shocks (domestic output, exporter’s production cost and real exchange rate) on domestic inflation. Our results show that oil price has significant impact on determining domestic inflation with larger pass-through rate into domestic inflation in oil importing countries. The oil’s impact is relatively smaller than the effects from other factors. The main
determinants to domestic inflation include foreign production cost, GDP and real exchange rate. All variables (oil price, foreign producer cost, GDP and exchange rate) have long run impacts on domestic inflation but the impacts are not significant in the short run.
ER  -