- The 1973 Oil Crisis and Its Economic Consequences🔍
- Macroeconomic effects of crude oil shocks🔍
- The relationship between oil prices and inflation🔍
- Oil price fluctuations and its effect on GDP growth🔍
- The Price of Oil🔍
- Employment Fluctuations and the World Oil Market🔍
- Systematic Monetary Policy and the Effects of Oil Price Shocks🔍
- Oil price falls – what consequences for monetary policy?🔍
How oil|price shocks affect producers and consumers
The 1973 Oil Crisis and Its Economic Consequences
The result was skyrocketing consumer prices that outpaced wage increases for workers. Nixon responded by applying artificial wage and price controls to the ...
Macroeconomic effects of crude oil shocks: Evidence from South ...
Furthermore, the high price of crude oil directly influences consumer products and services, creating future uncertainty. It also has a ...
The relationship between oil prices and inflation - Economics Help
Also, if producer prices rise due to higher oil prices, it can also lead to knock-on effects, for example, a higher price of petrol may encourage workers to ...
Oil price fluctuations and its effect on GDP growth - DiVA portal
... oil is a primary resource will feel the oil shock more and probably for a ... transfer of wealth from oil consumers to oil producers, an increase in the cost of ...
The Price of Oil | Phenomenal World
There were many reasons for this: surging demand following a year-and-a-half of lockdown, a slower than expected recovery of oil production, and ...
Employment Fluctuations and the World Oil Market
In response to a 20% increase in the price of oil driven by a contractionary supply shock, we estimated that manufacturing employment fell by 1% ...
Timeline: Oil Dependence and U.S. Foreign Policy
Oil prices drop from a yearly average of $35 per barrel in 1981 to less than $15 in 1986. The collapse in price encourages oil companies to shift to cheaper ...
(commodity price index), and PW561 (nominal oil price index, Producer Price Index ... of the redistribution between domestic producers and consumers. Robert ...
... effect on global oil consumers outweighs the negative effect on global oil producers. In the same vein, based on scenarios with different ...
Oil Prices and the U.S. Economy: Evidence from the Stock Market
They also argued that oil price shocks will not affect the global demand for ... period to orthogonalized shocks to oil production, bulk freight rates, and oil ...
Oil Price Shocks During the COVID-19 Pandemic: Evidence From ...
Some sectors are slightly negatively affected, while others are not affected at all (Phan et al., 2015). There are also studies showing that oil ...
Oil prices, the terms of trade and private consumption
An increase in oil prices affects households' purchasing power directly through higher prices for oil-based energy products (e.g. petrol, heating oil). In the ...
Aggregate demand, uncertainty and oil prices: the 1990 oil shock in ...
Specifically, the increase in uncertainty due to the Gulf crisis - over oil supplies, price hikes and regional conflict - led to a sharp fall in consumer and ...
Not All Oil Price Shocks Are Alike: - World Trade Organization
Although this expenditure share is higher than the corresponding share on the production side, it is still too low to explain very large effects on real GDP by ...
Changes in Oil Price and Economic Impacts - FREE Network
The Effects on the Budget of Oil Consumers and Producers ... From a general point of view, the oil price level affects both consumers and ...
What a Middle East oil price shock could mean for US consumers
Since late 2022, the oil cartel has artificially cut output, totalling about 5.7 per cent of global crude consumption in an effort to boost ...
The effect of oil price fluctuation on the economy: what can we learn ...
The global crude oil production and the global real economic activity decrease in response to the unanticipated flow supply shocks, but the real price of oil ...
The Real Reasons for High Oil and Gas Prices - NRDC
Fact-check: Drilling for more oil in the United States will not lower gas prices because the production of U.S. oil does not set the price of ...
On the Impact of Oil Prices on Sectoral Inflation
Rising production costs will affect consumer prices. However, lower oil price may also cause inflation because of higher demand. Thus, the main mechanism ...
Real Oil Price & CPI Inflation. 5 Oil consumption is measured using the Energy ... The effect of oil-price shocks caused by external factors on real output ...