China and the relationship between the oil price and the dollar

We study cointegration and causality between the real price of oil and the real price of the dollar over the 1974–2004 period. Our results suggest that a 10% rise in the oil price coincides with a 4.3% appreciation of the dollar in the long run, and that the causality runs from oil to the dollar. Th...

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Veröffentlicht in:	Energy policy 2007-11, Vol.35 (11), p.5795-5805
Hauptverfasser:	Bénassy-Quéré, Agnès, Mignon, Valérie, Penot, Alexis
Format:	Artikel
Sprache:	eng
Schlagworte:	American dollar Applied sciences Causality China China (People's Republic) Cointegration analysis Crude oil prices Dollar Economic data Economics and Finance Energy Energy economics Energy market Exact sciences and technology Exchange market Exchange rates Foreign exchange markets Foreign exchange rates Fossil fuels and derived products Fuel General, economic and professional studies Humanities and Social Sciences Longitudinal studies Methodology. Modelling Monetary economics Oil Oil price Petroleum industry Real exchange rate Studies World economy
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