Asymmetric Oil Price-Inflation Nexus Data for the Philippines
The dependent variables of this study is inflation rate based on consumer price index (CPI) measured at 2012 constant price obtained from the Philippine Statistical Authority (PSA). The international crude oil price (wop) is the simple average of three spot prices: Dated Brent, West Texas Intermediate, and the Dubai Fateh. The Crude oil unit is U.S. Dollar per barrel secured from World Bank as published by Index Mundi. Macroeconomic variables are also included in the model, such as real effective exchange (Ex) rate (Peso per U.S. Dollar) weighted average rate under the Philippine Dealing System (PDS) obtained from the Banko Sentral ng Pilipinas (BSP).
Steps to reproduce
Seasonality adjusted data are in excel. Decomposed series and estimation output can be accessed and viewed using Eviews software.