Journal of Current Research on Business and Economics (JoCReBE) - ISSN: 2547-9628

Hızlı Erişim


Bu Dergi DOI ve Crosscheck üyesidir


Inflation, Unemployment Rate and Global Oil Price, Study of United States
(Inflation, Unemployment Rate and Global Oil Price, Study of United States )

Inflation, Unemployment Rate and Global Oil Price, Study of United States

 
Yazar : Saadettin AYDIN    
Türü :
Baskı Yılı : 2020
Sayı : 10 (2)
Sayfa : 145-162
DOI Number: :
Cite : Saadettin AYDIN , (2020). Inflation, Unemployment Rate and Global Oil Price, Study of United States. Journal of Current Researches on Business and Economics, 10 (2), p. 145-162. Doi: 10.26579/jocrebe.78.
284    222


Özet

All economies suffer from two main economic problems: Inflation and unemployment. Economists have long been concerned with empirical evidence suggesting that oil price shocks may be closely related to macroeconomic performance. This interest dates back to the 1970s. It was natural, therefore, to suspect a causal relationship from oil prices to US macroeconomic aggregates. Since then, a large body of work has accumulated, which aims to establish this link on a theoretical basis and provide empirical evidence in its support. Movements in oil prices have complicated the tasks of policy makers and business leaders over the past three decades. Increases in inflation in the 1970s are partly due to rapid increases in oil prices. The prolonged decline in inflation in the 1980s and 1990s was in turn associated with the fall in oil prices. Therefore, a clear understanding of the strength of the empirical link between oil price changes and inflation is key to the smooth running of monetary policy. For this reason, it is aimed to make a judgment by establishing a model that regulates the relationship between oil prices and parameters such as inflation, energy, unemployment, GDP, national savings, exports and imports on the US economy and these results are interpreted.



Anahtar Kelimeler
Inflation, Unemployment Rate, Global Oil Price, United States

Abstract

All economies suffer from two main economic problems: Inflation and unemployment. Economists have long been concerned with empirical evidence suggesting that oil price shocks may be closely related to macroeconomic performance. This interest dates back to the 1970s. It was natural, therefore, to suspect a causal relationship from oil prices to US macroeconomic aggregates. Since then, a large body of work has accumulated, which aims to establish this link on a theoretical basis and provide empirical evidence in its support. Movements in oil prices have complicated the tasks of policy makers and business leaders over the past three decades. Increases in inflation in the 1970s are partly due to rapid increases in oil prices. The prolonged decline in inflation in the 1980s and 1990s was in turn associated with the fall in oil prices. Therefore, a clear understanding of the strength of the empirical link between oil price changes and inflation is key to the smooth running of monetary policy. For this reason, it is aimed to make a judgment by establishing a model that regulates the relationship between oil prices and parameters such as inflation, energy, unemployment, GDP, national savings, exports and imports on the US economy and these results are interpreted.



Keywords
Inflation, Unemployment Rate, Global Oil Price, United States

Gelişmiş Arama


Duyurular

    Yayın Duyurusu

    Yayına kabul edilen makaleler ilgili sayının yayın tarihi beklenmeden DOI verilmekte ve atıf almasına yönelik "Erken Görünüm" seçeneği ile yayınlanmaktadır. 


    Makale Kabulü Sürmektedir

    Dergimizin 10 (1) sayısı için makale kabulü 30 Mayıs 2020 tarihine kadar sürecektir. Makalelerinizi herhangi bir word şablonunda "Online Makale Gönder" linkinden gönderebilirsiniz. Kabul edilen makalelerin tasarım ve mizanpajı dergimizin sekreteryası tarafından yapılmaktadır.



Adres : http://www.jocrebe.com
Telefon : Please contact mail first Faks : Lütfen öncelikle mail ile iletişime geçiniz
Eposta : sra.academic.publishing@gmail.com

Web Yazılım & Programlama Han Yazılım Bilişim Hizmetleri