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 …

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 …

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 …

We employ a set of sign restrictions on the impulse responses of a Global VAR model,
estimated for 38 countries/regions over the period 1979Q2–2011Q2, as well as bounds on …

In this paper we determine oil supply shock, oil aggregate demand shock, and oil specific
demand shock from global crude oil market using a SVAR model. We find that there are …

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 …

This paper investigates the global macroeconomic consequences of falling oil prices due to
the oil revolution in the USA, using a global VAR model estimated for 38 countries/regions …

This paper examines the impact of different types of oil price shocks on the US economy,
using a factor-augmented VAR (FAVAR) approach. The results indicate that when …

Crude oil price shocks derive from many sources, each of which may bring about different
effects on macro-economy variables and require completely different designs in macro …

While the impacts of oil price changes on agricultural commodity markets are of great
interest to economists, previous studies do not differentiate oil-specific shocks from …