BibTex RIS Cite

The Effects of Oil Shocks on Turkish Macroeconomic Aggregates

Year 2016, Volume: 6 Issue: 3, 471 - 476, 01.09.2016

Abstract

This paper examines the impacts of oil price shocks on macroeconomic aggregates of Turkey. We find evidence suggesting the influential role of oil price shocks on macroeconomic aggregates. In other words, we find that oil price shocks affect output growth negatively with a delay. However, higher oil prices are associated with higher inflation, and depreciating exchange rate. We also explore the role of asymmetric oil shocks on macroeconomic aggregates and find that both oil price increases and decreases are associated with a delayed lower output growth rate. Furthermore, we find oil price increases affect inflation positively a delay. The appreciation of exchange rate appears with a delay due to oil price decreases.

Year 2016, Volume: 6 Issue: 3, 471 - 476, 01.09.2016

Abstract

There are 0 citations in total.

Details

Other ID JA82GY93EB
Journal Section Research Article
Authors

Moayad Al Rasasi This is me

Mustafa Yilmaz This is me

Publication Date September 1, 2016
Published in Issue Year 2016 Volume: 6 Issue: 3

Cite

APA Rasasi, M. A., & Yilmaz, M. (2016). The Effects of Oil Shocks on Turkish Macroeconomic Aggregates. International Journal of Energy Economics and Policy, 6(3), 471-476.
AMA Rasasi MA, Yilmaz M. The Effects of Oil Shocks on Turkish Macroeconomic Aggregates. IJEEP. September 2016;6(3):471-476.
Chicago Rasasi, Moayad Al, and Mustafa Yilmaz. “The Effects of Oil Shocks on Turkish Macroeconomic Aggregates”. International Journal of Energy Economics and Policy 6, no. 3 (September 2016): 471-76.
EndNote Rasasi MA, Yilmaz M (September 1, 2016) The Effects of Oil Shocks on Turkish Macroeconomic Aggregates. International Journal of Energy Economics and Policy 6 3 471–476.
IEEE M. A. Rasasi and M. Yilmaz, “The Effects of Oil Shocks on Turkish Macroeconomic Aggregates”, IJEEP, vol. 6, no. 3, pp. 471–476, 2016.
ISNAD Rasasi, Moayad Al - Yilmaz, Mustafa. “The Effects of Oil Shocks on Turkish Macroeconomic Aggregates”. International Journal of Energy Economics and Policy 6/3 (September 2016), 471-476.
JAMA Rasasi MA, Yilmaz M. The Effects of Oil Shocks on Turkish Macroeconomic Aggregates. IJEEP. 2016;6:471–476.
MLA Rasasi, Moayad Al and Mustafa Yilmaz. “The Effects of Oil Shocks on Turkish Macroeconomic Aggregates”. International Journal of Energy Economics and Policy, vol. 6, no. 3, 2016, pp. 471-6.
Vancouver Rasasi MA, Yilmaz M. The Effects of Oil Shocks on Turkish Macroeconomic Aggregates. IJEEP. 2016;6(3):471-6.