Study on Effect of Oil Price Rising on China’s General Price Level

2011 ◽  
Vol 347-353 ◽  
pp. 3836-3841
Author(s):  
Shu Sen Gui ◽  
Hai Lin Mu ◽  
Nan Li
Keyword(s):  
Price Level ◽  
Price Change ◽  
Price Impact ◽  
Oil Price ◽  
Input Output ◽  
Price Model ◽  
Economic Sectors ◽  
General Price Level ◽  
Rate Of Increase ◽  
The Impact

This paper analyzes and evaluates the oil price change on effects of China’s general price level and economic sectors’ price level by adopting the input-output price model and input-output of China in 2007. In the case of oil price rise 100%: Compare with the results over the years show that oil price impact on the whole society increased year by year, and the rate of increase present accelerated tendency; Compare with the other energy sector, the impact of oil prices level is generally lower than the price of electricity and heat levels.

scholarly journals The Impact of the Common Agricultural Policy of the European Union on the General Price Level of Countries that Joined in the Period from 2004 to 2007

2019 ◽  
Vol 57 (2) ◽  
pp. 233-255
Author(s):  
Ivana Stojanović
Keyword(s):  
European Union ◽  
Agricultural Policy ◽  
Common Agricultural Policy ◽  
Price Level ◽  
Agricultural Product ◽  
The European Union ◽  
General Price Level ◽  
The Common ◽  
The Impact ◽  
The Eu

AbstractApplication of The Common Agricultural Policy (CAP) of the European Union implies the existence of a single market (without customs duties on mutual trade), the community’s priority in meeting the needs for agricultural products (protection against imports) and the existence of financial solidarity (joint financing). Joining the European Union for new member states implies the termination of the implementation of the existing national agricultural policy and the the beginning of the implementation of the CAP. Although membership in the European Union implies many advantages, the period after joining this community can be quite economically unstable for some countries. One of the most significant problems is an increase in agricultural product prices and a rise in the general price level (inflation). The above can be confirmed by a simple empirical analysis of the economic indicators of the countries that joined the EU together in the period from 2004 until 2007.

scholarly journals Friedman Meets Hayek on Money and Prices in Canada

2016 ◽  
Vol 8 (1) ◽  
pp. 69-96
Author(s):  
Kam Hon Chu
Keyword(s):  
Inflation Targeting ◽  
Price Level ◽  
Relative Price ◽  
Price Stability ◽  
Business Cycle Theory ◽  
Relative Prices ◽  
General Price Level ◽  
Price Indexes ◽  
Monetary Shock ◽  
The Impact

Though both classical liberals, Friedman adopted the quantity theory of money and used the general price indexes and aggregate data in empirical analysis, whereas Hayek rejected aggregative analyses as potentially misleading and focused on the impact of money on relative prices in his business cycle theory. This study shows theoretically that when the central bank minimizes the monetary shock to maintain stability in the general price level, it also maintains simultaneously relative price stability, thus narrowing the divergence between Friedman and Hayek. This finding is empirically verified by Canada’s experience with inflation targeting since 1991

Sign in / Sign up

Export Citation Format

Share Document