tailieunhanh - Empirical investigation of relationship between oil price and inflation: The case of India

India is once again facing the problem of rising price of crude oil since 2017 after enjoying low price since 2014. This period has also witnessed moderate rate of inflation in the economy. It is argued that rise in crude oil price also affect the inflation level in the country. The paper using data from 1970 to 2017 intends to examine the relationship between oil price and inflation level in the country. The paper has used Johansen cointegration method to investigate the long run association between the two. It is found that oil price does affect the inflation level in India both in the short run as well as in the long run. In a situation when country is facing problem of decreasing demand for consumption as well as of investment, rise in oil price and its pass through in the form rise in general price level may further deepen the crisis. To increase the demand and keeping the inflation at moderate level the government needs to manage the domestic oil price without transferring the burden on the people. In this light, the government is also required to incentivise the development of alternate source of energy and the technology to economise the use of energy. | Empirical investigation of relationship between oil price and inflation The case of India

• Kinh tế học
• Oil price
• Empirical investigation of relationship
• Oil price and inflation
• Enjoying low price
• Relationship between oil price
• Oil price decline
• Risk management
• National oil companies in southeast ASIA
• National oil companies
• Response to oil price change
• Exchange rate
• Nonlinear model
• Stock price
• Stock price in Nigeria
• Asymmetric effect of oil price
• Exchange rate affect non oil GDP
• Oil rich country
• Non oil gross domestic product
• Fully modified ordinary smallest square approach
• Cointegration analysis
• Panel data
• Sub Saharan Africa
• Oil price change on inflation
• Effect of oil price change
• Modelling the impact
• Impact of oil price
• Oil price on food imports
• Food imports
• Crude oil price
• GARCH model
• Volatility crude oil price
• Accurate estimated model
• Reduce the cost of oil use
• Oil price shock
• Real exchange rate
• Exchange rate in Bangladesh
• Nexus between oil price shock
• Oil plays a crucial role
• Food price
• Partial structural change model
• Partial structural change modeling
• Oil markets in Nigeria
• Oil price exert positive
• Mining sector companies
• Oil price and leverage
• Panel data regression
• Significantly influenced by oil prices
• Interest rate
• Toda–yamamoto
• Effect of oil price fluctuation
• Dividend policy
• Bank specific factors
• Oil price on dividend policy
• International Conference on Emerging Challenges
• Index of industrial production
• Consumer price index of Vietnam
• Oil mining enterprises
• Macroeconomic indicators
• Oil price shocks
• Stock market returns
• G7 stock markets
• Oil price and stock market
• US stock market returns
• Economic growth
• Economic growth nexus
• Economic growth nexus in Saudi Arabia
• Oil price in Saudi Arabia
• Oil volatility
• Oil import price
• Stock market volatility
• Conditional mean
• Conditional variances
• Simultaneous equations model
• Oil price impact
• TVAR model
• Oil price threshold
• GDP growth
• Budget deficit
• Unemployment rate
• Oil prices
• Stock market
• Emerging markets
• Indian stock market
• Threshold cointegration
• Oil price increase
• Chinese stock market
• Cointegration regression
• Brent crude oil index
• Crude oil prices
• Oil price fluctuations
• EUR/USD exchange rate
• Gold price
• Auto regressive distributed lag
• Relationship between crude oil prices
• Oil market
• Brent brand
• Urals brand
• Pricing factors
• Pricing system
• Pricing control mechanism
• Break even price
• Prime cost
• Budget balance
• Price shocks
• Food prices
• Non linear autoregressive distributed lag
• Net oil importing country
• Oil price volatility
• Macroeconomic performance
• Transmission channels
• Non oil exporting
• Panel ARDL