Impact of Oil Price Shocks on Japanese Industries

This upload provides the replication code and the processed dataset used in the empirical analysis of the paper. Code.ipynb is the Python notebook that reproduces the main analysis (data loading, transformations, estimation, and creation of figures/tables). 分析用データ.csv contains processed monthly series for Japan’s Index of Industrial Production (IIP; 2015=100, seasonally adjusted) and Corporate Goods Price Index (CGPI; 2015=100, seasonally adjusted), where IIP is obtained from the Ministry of Economy, Trade and Industry (METI) and CGPI from the Bank of Japan (BOJ). OECD_plus6_industrial_production.csv provides the monthly World Industrial Production (WIP) series (proxy for global real economic activity), retrieved from James D. Hamilton’s website. WTISPLC1.csv provides the monthly average spot crude oil price WTI (West Texas Intermediate), retrieved from FRED. All series are monthly. The included data are processed/compiled for replication purposes; users should cite the original data providers listed above when using the underlying sources.