Comparative Analysis of VAR and SVAR Models in Assessing Oil Price Shocks and Exchange Rate Transmission to Consumer Prices in South Africa

Comparative Analysis of VAR and SVAR Models in Assessing Oil Price Shocks and Exchange Rate Transmission to Consumer Prices in South Africa

This study compared standard VAR, SVAR with short-run restrictions, and SVAR with long-run restrictions to investigate the effects of oil price shocks and the foreign exchange rate (ZAR/USD) on consumer prices in South Africa after the 2008 financial crisis. The standard VAR model revealed that cons...

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Bibliographic Details
Main Authors: Luyanda Majenge, Sakhile Mpungose, Simiso Msomi
Format: Article
Language:English
Published: MDPI AG 2025-02-01
Series:Econometrics
Subjects:
VAR
SVAR
oil price shocks
exchange rate
consumer prices
inflation
Online Access:https://www.mdpi.com/2225-1146/13/1/8
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