ABSTRACT

The present article contributes to the existing research by applying a quantile autoregressive distributed lag (QARLD) method to investigate whether the locational asymmetries across quantiles exist between oil prices and the real exchange rate for an oil-importer, specifically South Korea (KRW). We discover that the oil price impacts are heterogeneous across quantiles and evidence of locational asymmetry in the short run. In the long run, however, there is little evidence of significant oil price impacts across quantiles and of locational asymmetry.

中文翻译：

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石油价格和汇率关系的新视角：韩国的分位数协整回归方法

摘要

本文通过应用分位数自回归分布滞后 (QARLD) 方法来调查石油价格与石油进口国（特别是韩国 (KRW)）的实际汇率之间是否存在跨分位数的位置不对称性，从而为现有研究做出贡献。我们发现，油价对分位数的影响是异质的，短期内位置不对称的证据。然而，从长远来看，几乎没有证据表明油价对分位数和位置不对称有重大影响。