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A Study on the Impact Path of the International Crude Oil Price Fluctuations on China’s Price Index and Monetary Policies
Pages: 4-8
Year: Issue:  12
Journal: Xi'an Finance

Keyword:  international crude oil priceprice indexmoney supplyVAR model;
Abstract: The international crude oil price fluctuations are related to all fields of the ecomony and have an important impact on China’s macro economy. By building the VAR model which describes the dynamic relationship among WTI, PPI, CPI and M2, the paper systematically studies the impact path of the international crude oil price fluctuations on China’s macro economy. The impulse response shows that the international crude oil price fluctuations produce the positive impact on PPI,while have not significant effect on CPI in the long run, and have a long-term negative impact on the money supply.
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