Authors:
Taner Turan Department of Economics, Gebze Technical University, P.K. 141, 41400, Gebze/Kocaeli, Turkey

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Hüseyin A. Özer Department of Economics, Gebze Technical University, P.K. 141, 41400, Gebze/Kocaeli, Turkey

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Abstract

Using cointegration approach and Augmented Phillips Curve framework, this study examines the effects of changes in the global oil prices on the inflation rate for five CEE countries between 1994 and 2018. Our research indicates the existence of cointegration for Czechia, Poland and Slovakia. We find a positive relationship between changes of oil prices and the inflation rate in Poland in the long run. Additionally, it seems that the changes in oil prices impact the inflation rate in the long run for Czechia, Hungary and Poland. In a non-linear model framework cointegration is found in Czechia, Hungary, Poland and Slovenia. Our findings suggest that changes in oil prices significantly affect the inflation rate in Czechia, Hungary and Poland in the long-run and in all countries in the short-run. More importantly, we demonstrate that the short- and long-run asymmetries play a significant role in explaining the dynamics of the inflation rate.

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Editor(s)-in-Chief: Prof. Dr. Mihályi, Péter

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  • Edina Berlinger / Corvinus University of Budapest, Department of Finance
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Corvinus University of Budapest
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2021  
Web of Science  
Total Cites
WoS
285
Journal Impact Factor 0,939
Rank by Impact Factor Economics 326/379
Impact Factor
without
Journal Self Cites
0,646
5 Year
Impact Factor
0,740
Journal Citation Indicator 0,34
Rank by Journal Citation Indicator Economics 389/570
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Scimago
H-index
15
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Journal Rank
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Scimago Quartile Score Economics and Econometrics (Q3)
Scopus  
Scopus
Cite Score
1,4
Scopus
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Economics and Econometrics 436/696 (Q3)
Scopus
SNIP
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2020  
Total Cites 275
WoS
Journal
Impact Factor
0,875
Rank by Economics 325/377 (Q4)
Impact Factor  
Impact Factor 0,534
without
Journal Self Cites
5 Year 0,500
Impact Factor
Journal  0,38
Citation Indicator  
Rank by Journal  Economics 347/549 (Q3)
Citation Indicator   
Citable 37
Items
Total 37
Articles
Total 0
Reviews
Scimago 13
H-index
Scimago 0,292
Journal Rank
Scimago Economics and Econometrics Q3
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Scopus 225/166=1,4
Scite Score  
Scopus Economics and Econometrics 392/661 (Q3)
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Scopus 0,668
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2019  
Total Cites
WoS
212
Impact Factor 0,914
Impact Factor
without
Journal Self Cites
0,728
5 Year
Impact Factor
0,650
Immediacy
Index
0,156
Citable
Items
45
Total
Articles
45
Total
Reviews
0
Cited
Half-Life
3,9
Citing
Half-Life
9,5
Eigenfactor
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0,00015
Article Influence
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0,052
% Articles
in
Citable Items
100,00
Normalized
Eigenfactor
0,01891
Average
IF
Percentile
28,437
Scimago
H-index
12
Scimago
Journal Rank
0,439
Scopus
Scite Score
214/165=1,3
Scopus
Scite Score Rank
Economics and Econometrics 355/637 (Q3)
Scopus
SNIP
0,989

 

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Acta Oeconomica
Language English
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Founder Magyar Tudományos Akadémia
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