Munich Personal RePEc Archive

Oil price shocks and domestic inflation in Thailand

Jiranyakul, Komain (2015): Oil price shocks and domestic inflation in Thailand.

WarningThere is a more recent version of this item available.
[img]
Preview
PDF
MPRA_paper_62797.pdf

Download (79kB) | Preview

Abstract

This paper employ monthly data to examine the empirical relationship between oil price shocks and domestic inflation rate during 1993 and 2013. The results show that oil price, domestic or international, does not have the long-run impact on consumer prices. However, oil price shocks cause inflation to increase while oil price uncertainty does not cause an increase in inflation. Furthermore, inflation itself causes inflation uncertainty. The findings of this study encourage the monetary authorities to formulate a more accommodative policy to respond to oil price shocks.

Available Versions of this Item

Logo of the University Library LMU Munich
MPRA is a RePEc service hosted by
the University Library LMU Munich in Germany.