Results 21 to 30 of about 8,828 (167)
Oil shocks and external balances [PDF]
Abstract We provide estimates of the effects of demand and supply shocks in the global crude oil market on several measures of oil exporters' and oil importers' external balances, including the oil trade balance, the non-oil trade balance, the current account, capital gains, and changes in net foreign assets (NFA).
Kilian, Lutz +2 more
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Asymmetric Impacts of International Oil Shocks on Domestic Growth Rate and Inflation
Oil shocks are unobserved variables. The impacts of oil shocks on macroeconomic variables may be different on how they are defined. Oil shocks are defined as both a price and an oil production shortfall criterion.
Kwon Sik Kim
doaj +1 more source
Oil Shocks and External Adjustment [PDF]
This paper investigates how oil price shocks affect the trade balance and terms of trade in a two country DSGE model. We show that the response of the external sector depends critically on the structure of financial market risk-sharing. Under incomplete markets, higher oil prices reduce the relative wealth of an oil-importing country, and induce its ...
Martin Bodenstein +2 more
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AN EQUILIBRIUM AGGREGATE DEMAND AND SUPPLY MODEL TO EXAMINE THE DYNAMIC EFFECT OF OIL PRICE SHOCKS ON OUTPUT AND INFLATION IN IRAN AS AN OIL EXPORTING COUNTRY [PDF]
Iran is an oil exporting country in Middle East. The high share of the oil revenues in Iran is a serious economic problem. Due to the high dependency of Iran’s economy on oil revenues, oil price shocks have a determinant impact on macroeconomic variables.
Sajjad Barkordari , Maryam Fattahi
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Dynamic structural impacts of oil shocks on exchange rates: lessons to learn
This study explores the dynamic effects of different oil shocks on real exchange rates in net oil importers and exporters. Specifically, the connectedness measures are combined with the structural vector autoregressive model.
Qiang Ji +3 more
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This paper surveys the history of the oil industry with a particular focus on the events associated with significant changes in the price of oil. Although oil was used much differently and was substantially less important economically in the nineteenth century than it is today, there are interesting parallels between events in that era and more recent
openaire +2 more sources
Energy Taxes and Oil Price Shocks [PDF]
Abstract This paper examines if an energy price shock should be compensated by a reduction in energy taxes to mitigate its impact on consumer prices. It shows that the consumer price should not increase by as much as the producer price, implying a small reduction in the energy tax in dollars.
Cremer, Helmuth +2 more
openaire +6 more sources
International Effects of Oil Price Shocks and Trade Spillover [PDF]
Oil price shocks have direct and indirect impacts on the economies of oil-exporting and oil-importing countries. The direct impacts are through demand and supply channels and the indirect (spillover) impacts are through interaction between the countries.
Elham Kheirandish +3 more
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Is the Influence of Oil Shocks on Economic Policy Uncertainty Fading?
Anecdotal evidence indicates that the influence of crude oil shocks on US economic performance and, by extension, economic policy uncertainty is in decline.
Bahram Adrangi +3 more
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Effects of Oil Price Shocks on the Ghanaian Economy
The economy of Ghana is highly vulnerable to fluctuations in the international price of crude oil. This is due to the fact that oil as a commodity plays a central role in the economic activities of the nation.
Dennis Nchor +2 more
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