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dc.contributor.authorWohltmann, Hans-Werneren_US
dc.contributor.authorWinkler, Roland C.en_US
dc.date.accessioned2009-01-29T14:13:18Z-
dc.date.available2009-01-29T14:13:18Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/21998-
dc.description.abstractThe paper analyzes the dynamic effects of anticipated price increases of imported raw materials upon two large open economies. It is assumed that the economies have an asymmetric macroeconomic structure on the supply side and are dependent upon a small third country for oil or raw materials imports. The dynamic behavior of several macroeconomic variables is discussed both under US dollar and Euro-currency denomination. It is shown that with Euro-currency denominated oil the stagnationary effects of oil price increases upon both the domestic and foreign economy are reduced. The paper also discusses several monetary policy responses to oil price shocks.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesEconomics working paper / Christian-Albrechts-Universität Kiel, Department of Economics 2005,10en_US
dc.subject.jelF42en_US
dc.subject.jelE63en_US
dc.subject.jelQ43en_US
dc.subject.ddc330en_US
dc.subject.keywordoil price shocksen_US
dc.subject.keywordinternational policy coordinationen_US
dc.subject.keywordcurrency denominationen_US
dc.subject.stwMineralölpreisschocken_US
dc.subject.stwZwei-Länder-Modellen_US
dc.subject.stwKonjunkturzusammenhangen_US
dc.subject.stwZeitkonsistenzen_US
dc.subject.stwInternationale wirtschaftspolitische Koordinationen_US
dc.subject.stwWährungsumrechnungen_US
dc.subject.stwMakroökonomischer Einflussen_US
dc.subject.stwTheorieen_US
dc.titleOil Price Shocks and Currency Denomination (A revised version of EWP 2005-01)en_US
dc.typeWorking Paperen_US
dc.identifier.ppn491202636en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:cauewp:3196-
Appears in Collections:Economics Working Papers, Department of Economics, CAU Kiel

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