Oil shocks in a global perspective: Are they really that bad?
T Rasmussen, A Roitman - 2011 - papers.ssrn.com
Using a comprehensive global dataset, we outline stylized facts characterizing relationships
between crude oil prices and macroeconomic developments across the world. Approaching …
between crude oil prices and macroeconomic developments across the world. Approaching …
This is what happened to the oil price-macroeconomy relationship
JD Hamilton - Journal of monetary economics, 1996 - Elsevier
Many of the quarterly oil price increases observed since 1985 are corrections to even bigger
oil price decreases the previous quarter. When one looks at the net increase in oil prices …
oil price decreases the previous quarter. When one looks at the net increase in oil prices …
Are the responses of the US economy asymmetric in energy price increases and decreases?
L Kilian, RJ Vigfusson - Quantitative Economics, 2011 - Wiley Online Library
How much does real gross domestic product (GDP) respond to unanticipated changes in the
real price of oil? Commonly used censored oil price vector autoregressive models suggest a …
real price of oil? Commonly used censored oil price vector autoregressive models suggest a …
Oil price shocks and industrial production: Is the relationship linear?
This paper tests the three leading specifications of asymmetric and possibly nonlinear
feedback from the real price of oil to US industrial production and its sectoral components …
feedback from the real price of oil to US industrial production and its sectoral components …
Does the Fed respond to oil price shocks?
A common view in the literature is that systematic monetary policy responses to the inflation
caused by oil price shocks have been an important source of aggregate fluctuations in the …
caused by oil price shocks have been an important source of aggregate fluctuations in the …
Is the impact of oil shocks more pronounced during extreme market conditions?
MU Rehman, N Nautiyal, XV Vo, W Ghardallou… - Resources Policy, 2023 - Elsevier
The international oil market has the tendency to affect any economy either developed or
emerging. We examine the effect of structural oil shocks on the returns of developed and …
emerging. We examine the effect of structural oil shocks on the returns of developed and …
The asymmetric effects of oil shocks on output growth: A Markov–Switching analysis for the G-7 countries
A Cologni, M Manera - Economic Modelling, 2009 - Elsevier
Oil shocks are generally acknowledged to have important effects on both economic activity
and macroeconomic policy. The aim of this paper is to investigate how oil price shocks affect …
and macroeconomic policy. The aim of this paper is to investigate how oil price shocks affect …
Asymmetric oil shocks and external balances of major oil exporting and importing countries
This study investigates the effects of oil price shocks on three measures of oil exporters' and
oil importers' external balances: total trade balance, oil trade balance and non-oil trade …
oil importers' external balances: total trade balance, oil trade balance and non-oil trade …
Causes and consequences of oil price shocks on the UK economy
M Lorusso, L Pieroni - Economic Modelling, 2018 - Elsevier
In this paper, we assess the impact and repercussions of oil price fluctuations on the UK
economy. We use an empirical strategy which allows us to decompose oil price changes …
economy. We use an empirical strategy which allows us to decompose oil price changes …
The impact of oil price shocks on the economic growth of selected MENA1 countries
MH Berument, NB Ceylan, N Dogan - The Energy Journal, 2010 - journals.sagepub.com
This paper examines how oil price shocks affect the output growth of selected MENA
countries that are considered either net exporters or net importers of this commodity, but are …
countries that are considered either net exporters or net importers of this commodity, but are …