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The Effect of Oil Supply Shocks on U.S. Economic Activity


Oil Price Shocks and the U.S. Economy: Where Does the Asymmetry ...

Rising oil prices appear to retard aggregate U.S. economic activity by more than falling oil prices stimulate it. Past research suggests adjustment costs, ...

Do Structural Oil-Market Shocks Affect Stock Prices?

... crude oil production, global real economic activity, the real oil price, and return on U.S. stocks. As we show below, the percentage change in world crude ...

How are oil supply shocks transmitted to the U.S. economy? - EconStor

We investigate how oil supply shocks are transmitted to U.S. economic activity, consumer prices, and interest rates. Using a structural VAR approach with a ...

Causes and Consequences of the Oil Shock of 2007–08

However, the. 224. Brookings Papers on Economic Activity, Spring 2009. Page 11. causes were quite different from those associated with the four episodes.

Are Temporary Oil Supply Shocks Real? - Bank of Canada

We find no evidence that temporary oil supply shocks have real effects on US economic activity. Hurricanes disrupt oil production on offshore ...

Identifying oil price shocks and their consequences: the role of ...

We find that an expected increase in supply initially reduces oil prices, slowing global economic activity. In the long run, however ...

The Asymmetric Effects of Oil Shocks on an Oil-exporting Economy*

For instance, output growth in the U.S. is more responsive to unexpected increases in oil prices than to unexpected decreases. This asymmetric result is ...

How Oil Supply Shocks Affect the Global Economy

Following a supply-driven decline in oil prices: (1) US business investment usually decreases, highlighting the importance of the shale oil ...

The Macroeconomic Effects of Oil Price Shocks

the effects of oil shocks on the U.S. economy, restrict their sample period ... shocks (or supply shock ... economic activity in response to oil price shocks.

Impacts of oil price shocks on the United States economy

The resulting regression model is used to simulate the oil price elasticity of GDP for the US, with a mean of − 0.020% and 68% confidence ...

The Economic Consequences of Oil Shocks: Differences across ...

Whereas net oil- and energy- importing economies all face a permanent fall in economic activity following an adverse supply shock, the impact is insignificant ...

On the Influence of Oil Prices on Economic Activity and Other ... - CEPII

elucidate the new oil shock phenomenon by exploring its effects from the demand side: a hike in the crude price was taken as an exogenous inflationary shock ( ...

Inflation Expectations and the Pass-Through of Oil Prices

For instance, an economic activity shock that increases oil prices by 10% elicits an extremely persistent response in both expected and actual inflation. In ...

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

The sudden hike in prices in 1970 and subsequent economic recessions due to low oil supply gained considerable attention. Oil is the main source ...

Oil price shocks in real time - Temi di discussione

The original BH model contains 4 shocks, namely a supply, an economic activity, a consumer demand and an inventory shock. We show only two because (i) the ...

The nonlinear impact of retail energy supply shocks on inflation and ...

Consumer prices rise more than wages after an energy supply shock hits the economy unexpectedly when underlying inflation is high (see Figure 3) ...

Not All Oil Price Shocks Are Alike. A Replication of Kilian ... - arXiv

2.5 The demand and supply shocks in the global oil market affect the US economy in different ways ... oil affect economic activity in the United ...

Oil Shocks, Monetary Policy, and Economic Activity

Some of our skepticism concerning the Romer and. Romer claim that supply shocks-in particular .oil price shocks-are unimportant in influencing postwar. U.S. ...

Oil Prices and the U.S. Economy: Evidence from the Stock Market

Using monthly regressions over the 1986 to 2011 period, he found that oil price increases driven by supply shocks decrease aggregate returns and oil price ...

DO GLOBAL CRUDE OIL MARKET SHOCKS HAVE DIFFERENTIAL ...

Except for the Rocky Mountains and the Southwest, global aggregate demand shocks are recessionary, typically about a year and a half after the ...