Abstract this paper analyzes the impact of international crude oil price fluctuations on China’s macro-economic before and after the open of crude oil wholesale and retail market by structural vector autoregressive (SVAR) model The results indicates that: the open of the crude oil wholesale and retail market accelerates the conduction of international crude oil price volatility on China’s macro-economy; the rise of world oil prices leads to a larger output decline with strong continuity effect. Tight monetary policy and interest rate raise reduce the pressure of inflation on certain level, but there are still exerting excessive risk.
LI Chi-Guo,GUO Jing-Gang. Conduction of International Crude Oil Price Volatility on China’s Macroeconomic——Analysis Based on Structural VAR Model. Economic Survey, 2013, 1(4): 054.
2013, Vol. 1 
