The Effects of the Oil Price Shock on Inflation: The Case of Kazakhstan

Increases in oil prices cause inflation. Interest rates are expected to decrease as a result of the expansionary monetary policies of the central banks in response to the indirect effect of increasing oil prices on inflation. Because an increase in oil price creates an additional foreign currency i...

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Main Authors: Dinmukhamed Kelesbayev, Kundyz Myrzabekkyzy, Artur Bolganbayev, Sabit Baimaganbetov
Format: Artigo
Sprog:Inglês
Udgivet: EconJournals 2022-05-01
Serier:International Journal of Energy Economics and Policy
Fag:
Oil price
Structural Vector Autoregression
Inflation
Real Effective Exchange Rate
Kazakhstan
Online adgang:https://econjournals.com/index.php/ijeep/article/view/13061
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