This study aims to examine the effects of oil price shocks on the overall trade-and the non-oil
trade balances for ten oil-importing Euro area countries. Theory suggests that the effects …

Purpose Oil price shocks greatly impact the global economy, but the effects vary among
countries. While higher oil prices benefit oil-exporting countries, they harm the economic …

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 …

This paper provides a quantitative assessment of the relative importance of exogenous
shocks related to oil price determination on countries' exchange rates and outputs within the …

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

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 …

In this paper we assess the impact of oil price shocks on oil-producer and oil-consuming
economies. VAR models for different countries are linked together via a trade matrix, as in …

In this paper we provide novel evidence on changes in the relationship between the real
price of oil and real exports in the euro area. By combining robust predictions on the sign of …

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 …

2. Discussion The current literature on the macroeconomic impacts of oil price shocks can
roughly be classified into three different groups. The first group includes numerous studies …