The Time|Varying Effects of Oil Shocks on the Trade Balance ...

Many researches said that the oil shock might cause an economic recession. Hamilton (2009) confirmed that sharp increase in oil price in the period between.

The Time-Varying Effects of Oil Shocks on the Trade Balance of ...

In addition, we found that oil price shocks have more profound and much greater impacts than global and domestic oil supply shocks. This may be attributed to ...

Global exchange rate configurations: Do oil shocks matter?

In particular, by interacting the shocks with a measure of the oil trade balance as percentage of GDP we can observe whether and how the impact of each shock is ...

The Differential Effects of Oil Demand and Supply Shocks on the ...

... oil-price shocks and to study the time profile of their macroeconomic effects for different countries. The results indicate that the economic consequences ...

Time-Varying Effects of Oil Supply Shocks on the US Economy - jstor

capacity utilization rates in crude oil production and the transition toward a market- based system of oil trading in the 1980s may account for additional ...

Oil Price Volatility: Origins and Effects - World Trade Organization

Unlike shocks to the flow demand or flow supply, speculative demand shocks can cause large immediate effects on the real price of oil, for example in response ...

The impact from oil price shocks on the Trade Balance - DiVA portal

whether the share of oil regarding its influence on the trade balance are decreasing over time. Keyword: Trade balances, Oil shocks, Vector ...

Systematic Monetary Policy and the Effects of Oil Price Shocks

However, he does not explicitly attempt to decompose the effect of oil price shocks on the economy into a part due to the change in oil prices and a part due to ...

Macroeconomic effects of crude oil shocks: Evidence from South ...

They found that a negative oil price shock declines trade balance, depreciates the currency, increases inflation, and decreases overall economic ...

Macroeconomic Effects of Oil Shocks. Why are the 2000s So ...

sumption, employment, and the real price of oil. Solving for consumption by using the condition that trade be balanced gives: ct = qt − χ st + η µ p t. (7).

Measuring Business Cycle Stylized Facts in Selected Oil-Producing ...

Our findings indicate that the selected oil-producing economies with countercyclical inflation patterns suggest that supply shocks drive the ...

The macroeconomic effects of oil supply news: Evidence from OPEC ...

• External instrument: variable correlated with the shock of interest ... • depreciation of dollar and deterioration of terms of trade and trade balance.

THE EFFECT OF OIL PRICE ON UNITED ARAB EMIRATES GOODS ...

Ozlale and Pekkurnaz. (2010) explored the influence of oil price shocks on the current account balance for ... effect of oil price on goods trade deficit, we ...

The link between oil prices and the US dollar - European Central Bank

First, it may have changed the effect of oil supply shocks on the US terms of trade – which are linked to exchange rates via the trade balance. The terms of ...

Effects of the Oil Shocks, Interest Rate, and Current Account Balance ...

Following a positive shock due to a rise in oil prices, there is an improvement in the balance of payments. Consequently, oil-exporting DCs increase both their ...

Oil Shock of 1973–74 | Federal Reserve History

Higher oil prices, because of the widespread effect they have on commodities throughout the economy, will tend to generate both inflationary pressures and ...

Dynamic analysis of the relationship between exchange rates and ...

(2020c), suggests that rising oil prices bolster the trade balances of oil-exporting countries and deteriorate those of oil-importing countries.

Oil Prices, World Trade Policy Uncertainty, and the Trade Balance

These effects suggest that higher (lower) oil prices tend to reduce (increase) exports in net oil importers due to an increase (decrease) in ...

Oil Embargo, 1973–1974 - Office of the Historian

The onset of the embargo contributed to an upward spiral in oil prices with global implications. The price of oil per barrel first doubled, then quadrupled, ...

Oil Price Shocks and Their Short- and Long-Term Effects on the ...

petrodollar and that of ordinary trade surplus;. • Inflation effect: analyzing relationship between domestic inflation and oil prices;. • Real ...