A Survey of the Asymmetric Effects of Oil P rice Shocks and Real Exchange Rate Fluctuations on Economic Growth and Inflation in Selected Countries of the Islamic Conference: An Approach EGARCH

How economic fluctuations affect macroeconomic variables is important in policy making. In this study, we examine the asymmetric effects of oil price shocks and real exchange rate volatility fluctuations on economic growth and inflation in two groups of oil exporting and importing countries.For this purpose, we have used the panel data method in the period 2018-1990The RGARCH model is used to calculate oil price shocks. The results show that the research hypotheses that the response of economic growth and inflation to oil price shocks in both groups of oil exporting and importing countries are asymmetric.Also, the results of tests and model estimation show that real exchange rate fluctuations have a negative and positive effect on economic growth and inflation of oil exporting countries and a positive effect on economic growth and inflation of oil importing countries.