Large oil shocks and the US economy: Infrequent incidents with large effects
M Gronwald - The Energy Journal, 2008 - journals.sagepub.com
… been persistently confronted with large oil price shocks over the last … oil crises in the 1970s
and 1980s and the oil shock stemming from the Gulf War in the early 1990s. While those oil …
and 1980s and the oil shock stemming from the Gulf War in the early 1990s. While those oil …
[PDF][PDF] The effects of oil shocks on the economy: a review of the empirical evidence
M Labonte - 2004 - everycrsreport.com
… literature on oil shocks to provide quantitative estimates of how large an effect oil price changes
… Economic theory suggests that oil shocks lead to higher inflation, a contraction in output, …
… Economic theory suggests that oil shocks lead to higher inflation, a contraction in output, …
[PDF][PDF] The macroeconomics of oil shocks
K Sill - Federal Reserve Bank of Philadelphia, Business …, 2007 - core.ac.uk
… oilprice shocks that causes recessions, since their model implies that an alternative policy
could have greatly mitigated the effect of oil shocks. … that the largest effect of an oil-price shock …
could have greatly mitigated the effect of oil shocks. … that the largest effect of an oil-price shock …
The macroeconomic effects of oil price shocks: Evidence from a statistical identification approach
H Herwartz, M Plödt - Journal of International Money and Finance, 2016 - Elsevier
… oil shocks on the rapid fall in oil prices at the end of 2008 and 2014, as well as the effects
of different oil shocks on … We also find a larger response of the real price of oil to oil-specific …
of different oil shocks on … We also find a larger response of the real price of oil to oil-specific …
Oil shocks and external balances
… the presence of large and systematic valuation effects in response to these shocks for
broad aggregates of oil importers and oil exporters. Valuation effects manifest themselves in …
broad aggregates of oil importers and oil exporters. Valuation effects manifest themselves in …
Systematic monetary policy and the effects of oil price shocks
… The results are not sensitive to these ordering assumptions, as we document below in the
context of a larger system. In figure 2 we report results for four alternative indicators of the state …
context of a larger system. In figure 2 we report results for four alternative indicators of the state …
The impacts of structural oil shocks on macroeconomic uncertainty: Evidence from a large panel of 45 countries
… the effects of structural oil shocks on macroeconomic uncertainty using a large panel dataset
of 45 economies. Our study is unique in that we analyse the effect of structural oil shocks on …
of 45 economies. Our study is unique in that we analyse the effect of structural oil shocks on …
[图书][B] Why do oil price shocks no longer shock?
P Segal - 2007 - ora.ox.ac.uk
… The most simple production function-based representation of the economy cannot account
for the large effects found in the historical data, and researchers have proposed a range of …
for the large effects found in the historical data, and researchers have proposed a range of …
Monetary policy and the transmission of oil shocks
L Bachmeier - Journal of Macroeconomics, 2008 - Elsevier
… , oil shocks have had a negative effect on stock returns, regardless of whether the oil shock
… price movements and the net oil price increase, have larger effects than do oil shocks in the …
… price movements and the net oil price increase, have larger effects than do oil shocks in the …
Oil price shocks: Causes and consequences
L Kilian - Annu. Rev. Resour. Econ., 2014 - annualreviews.org
… relative to the value of the energy they use, even relatively small changes in the relative
price of oil can have potentially large effects on demand. A similar reallocation may occur within …
price of oil can have potentially large effects on demand. A similar reallocation may occur within …
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