Most of the studies about the macroeconomic consequences of oil price shocks have been
focused on US aggregate data. In contrast to these studies, this paper empirically assesses …

Sectoral responses to oil price shocks help determine how these shocks are transmitted
throughout the economy. Textbook treatments of oil price shocks often emphasize negative …

We investigate the impact of oil price shocks at the industry level in the Euro area for the
period 1983–2007. We use different oil price specifications and use dynamic VAR models …

As the world economic power shifts from the advanced G7 countries—Canada, France,
Germany, Italy, Japan, the United Kingdom, and the United States—to the seven largest …

We compare the macroeconomic consequences of several types of oil shocks across a set
of industrialized countries that are structurally very diverse with respect to the role of oil and …

This paper identifies the main driving force behind oil price shocks in 1970–2006 by
applying a simple identification strategy of supply-driven and demand-driven price shocks …

This paper examines the effects of oil price shocks on industrial production in three oil‐
exporting countries, namely Iran, Saudi Arabia and Indonesia using annual data for the …

Many empirical studies on the oil price shock effects on the economies of oil‐exporting
countries have assumed a linear relationship between the shocks and macroeconomic …

Over the past twenty years, dozens of scholars have explored the relationships between oil
price shocks and the macroeconomic performance of national economies. Different methods …

In recent years, our understanding of the nature of energy price shocks and their effects on
the economy has evolved dramatically. Only a few years ago, the prevailing view in the …