Oil and the macroeconomy : using wavelets to analyze old issues
We use (cross) wavelet analysis to decompose the time–frequency effects of oil price changes on the macroeconomy. We argue that the relation between oil prices and industrial production is not clear-cut. There are periods and frequencies where the causality runs from one variable to the other and vi...
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| Formato: | article |
| Idioma: | eng |
| Publicado em: |
2011
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| Texto completo: | http://hdl.handle.net/1822/13716 |
| País: | Portugal |
| Oai: | oai:repositorium.sdum.uminho.pt:1822/13716 |