This research evaluates the impact of oil price shocks on oil producing and consuming
economies; we used a simultaneous equation framework for different countries with …

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 …

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 …

Recent oil price shocks have relatively small effects on real economic activity and inflation
compared to the experiences of the seventies and the early eighties. In this paper we …

Oil price shocks affect macroeconomic performance in both oil-importing and oil-exporting
countries. The recent research on the oil-macroeconomy relationship in the oil-importing …

A considerable body of economic literature shows the adverse economic impacts of oil-price
shocks for the developed economies. However, there has been a lack of similar empirical …

The article studies the macroeconomic impact of oil price changes driven by oil supply, oil-
specific demand and economic activity shocks in 17 highly heterogeneous countries …

This paper analyzes the macroeconomic impact of structural oil shocks in four of the top oil-
consuming Asian economies, using a VAR model. We identify three different structural oil …

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 …

This paper investigates the global macroeconomic consequences of country-specific oil-
supply shocks. Our contribution is both theoretical and empirical. On the theoretical side, we …