Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/21998 
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dc.contributor.authorWohltmann, Hans-Werneren
dc.contributor.authorWinkler, Roland C.en
dc.date.accessioned2009-01-29T14:13:18Z-
dc.date.available2009-01-29T14:13:18Z-
dc.date.issued2005-
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
dc.language.isoengen
dc.publisher|aKiel University, Department of Economics |cKielen
dc.relation.ispartofseries|aEconomics Working Paper |x2005-10en
dc.subject.jelF42en
dc.subject.jelE63en
dc.subject.jelQ43en
dc.subject.ddc330en
dc.subject.keywordoil price shocksen
dc.subject.keywordinternational policy coordinationen
dc.subject.keywordcurrency denominationen
dc.subject.stwMineralölpreisschocken
dc.subject.stwZwei-Länder-Modellen
dc.subject.stwKonjunkturzusammenhangen
dc.subject.stwZeitkonsistenzen
dc.subject.stwInternationale wirtschaftspolitische Koordinationen
dc.subject.stwWährungsumrechnungen
dc.subject.stwMakroökonomischer Einflussen
dc.subject.stwTheorieen
dc.titleOil Price Shocks and Currency Denomination-
dc.typeWorking Paperen
dc.identifier.ppn491202636en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:cauewp:3196en

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