The role of monetary transmission channels in transmitting oil price shocks to prices in ASEAN - 4 countries during pre- and post - global financial crisis
This paper examines the vulnerability of domestic prices against oil price shocks by considering the direct and indirect effects of oil price on consumer price index, which occur through the known channels of the monetary transmission mechanism. We consider interest rate, exchange rate, domestic cre...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2016
|
| Online Access: | http://psasir.upm.edu.my/id/eprint/53090/1/The%20role%20of%20monetary%20transmission%20channels%20in%20transmitting%20oil%20price%20shocks%20to%20prices%20in%20ASEAN%20-%204%20countries%20during%20pre-%20and%20post%20-%20global%20financial%20crisis.pdf |