Effect of U.S. Monetary policy shock on GDP of oil-exporting countries: A GVAR Approach
Monetary and financial crisis have different effects on different economies of the world, which in addition to economic factors of countries, depends on the type of their interlinkage in a global economy. Regarding to the importance of U.S. monetary policy in international trade, it is necessary to study the effect of monetary policy shocks of this country on gross domestic product of major oil-exporting countries for determining macroeconomic policies and forecasts in a global and dynamic framework. In this paper we examine the impact of U.S. monetary policy on GDP of major oil-exporting countries in the period of 1974-2017 using GVAR approach. The results indicate that the effect of U.S. Monetary shocks on GDP of these countries is different in short-term and long-term.
- حق عضویت دریافتی صرف حمایت از نشریات عضو و نگهداری، تکمیل و توسعه مگیران میشود.
- پرداخت حق اشتراک و دانلود مقالات اجازه بازنشر آن در سایر رسانههای چاپی و دیجیتال را به کاربر نمیدهد.