Oil price movements and macroeconomic performance: Evidence from twenty-six OECD countries

@inproceedings{Katirciolu2015OilPM,
  title={Oil price movements and macroeconomic performance: Evidence from twenty-six OECD countries},
  author={Salih Turan Katircioǧlu and Kamil Sertoğlu and Mehmet Candemir and Mehmet Mercan},
  year={2015}
}
This study investigates the relationship between oil price movements and macroeconomic aggregates, such as gross domestic product (GDP), consumer prices (CPI), and unemployment, for OECD countries. To do this, second generation econometric methods have been employed to panel data including panel unit root tests, panel cointegration tests, and panel long-run models. Panel unit root tests suggest that oil prices plus selected macroeconomic aggregates in OECD countries are non-stationary at levels… CONTINUE READING

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