Oil price volatility: impacts in the Brazilian economy

被引：0
|
作者：
de Oliveira, Adilson [1 ]
Schommer, Susan [1 ]
da Rosa, Ledson L. G. [1 ]
机构：
[1] Univ Fed Rio de Janeiro, Econ Inst, Rio De Janeiro, Brazil
来源：
ECONOMICS BULLETIN | 2023年 / 43卷 / 01期
关键词：
MACROECONOMY;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this article, we analyze the impact of oil price volatility on Brazil's macroeconomic variables. The estimation is made using an autoregressive vector model (VAR) for the period from January 2001 to June 2021. The monthly oil price volatility is calculated utilizing the realized volatility of daily oil prices. The study's main finding is that oil price volatility has a negative and statistically significant impact on Brazilian economic growth and investment. Our results suggest that these impacts take four and twelve months, respectively, to dissipate.
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页数：13
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