Jiménez-Rodríguez, Rebeca (contributor); … - 2004
supply and demand, oil price changes influence foreign
exchange markets and inflation, giving thus rise to indirect effects on … exchange rate (REER),
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real oil
price, real wage, inflation, and short and long-term interest rates. Some variables (real GDP … oil prices
on inflation and exchange rates, which then induce changes in real economic activity. Our VAR model
also …