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Do oil shocks matters for the inflation rate in Bangladesh?
Subject area: Management and Commerce · Area of research: Economics
Abstract
In recent years oil prices have fluctuated extremely. Bangladesh is an oil-importing country and it has strong volatility of oil prices impacts on its economy. Especially oil shocks have a crucial role on several macroeconomic indicators mainly inflation rates in Bangladesh. This paper estimates the effects of oil price changes on inflation for Bangladesh.
Keywords
Global oil price, Inflation, Consumer price index, Unit root, Co-integration, VECM
References
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How to cite this paper
@article{1702312,
author = {Mohammad Raselar Rahman, Md. Shaddam Hossain, Md. Maznur Rahman, Dilruba Yesmin Smrity, Liton Chandra Voumik},
title = {Do oil shocks matters for the inflation rate in Bangladesh?},
journal = {Iconic Research And Engineering Journals},
year = {2020},
volume = {3},
number = {11},
pages = {163-170},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1702312.pdf},
abstract = {In recent years oil prices have fluctuated extremely. Bangladesh is an oil-importing country and it has strong volatility of oil prices impacts on its economy. Especially oil shocks have a crucial role on several macroeconomic indicators mainly inflation rates in Bangladesh. This paper estimates the effects of oil price changes on inflation for Bangladesh.},
keywords = {Global oil price, Inflation, Consumer price index, Unit root, Co-integration, VECM},
month = {May},
}