The macroeconomics outcome of oil shocks in the small Eurozone ...

Oil Price Shocks, Monetary Policy Rules and Welfare∗

How should monetary policy react to oil-price shocks in order to minimize their adverse macroeconomic effects? We build a DSGE model ...

Oil Price Shocks, Monetary Policy and Stagflation

Figure 2 shows the cumulative effect of oil price shocks through time on US real output and inflation. It is evident that oil price shocks had little impact on ...

Oil price shocks: Energy patterns and macroeconomic results in ...

the shocks of oil price contribute a small number of variations for most of ... sion and some other countries in Europe precede by oil shocks. These ...

Oil price shocks in real time - Temi di discussione

Asset prices, on the other hand, are available in real-time but are only indirectly related to macroeconomic variables like output and inflation. The tension ...

Oil price shocks and the macroeconomy - jstor

prices affect output is monetary policy: when oil prices pass through to core inflation, monetary authorities raise interest rates, slowing growth.

Oil Price Elasticities and Oil Price Fluctuations

oil production, and large supply shocks move oil production but have negligible effects on oil prices. 11. Page 13. Although the oil market ...

Implications of oil price shocks on net oil-importing African countries

The development of the global energy market dating back from 1970 period has been dramatic with significant impact on global economy and ...

The Macroeconomic Effects of Oil Price Shocks - CREI

First, while CPI inflation shows a slight upward trend during both. O3 and O4, the magnitude of the changes involved is much smaller than that ...

OIL SHOCKS AND OPTIMAL MONETARY POLICY | Cambridge Core

The main result is that oil price shocks generate an endogenous trade-off between inflation and output stabilization when oil has low substitutability in ...

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

will cause a small increase in global output. Both realized and expected ... shocks to the oil price during the European debt crisis. The impulse ...

News Shocks in Open Economies: Evidence from Giant Oil ...

We then estimate the effects of giant oil and gas discoveries on a large panel of countries. Our empirical estimates are consistent with the predictions of the ...

THE IMPACT OF OIL PRICE CHANGES ON SPANISH AND EURO ...

(5) Results for the euro area from other large-scale macroeconomic ... oil shocks have a smaller real impact than the nominal one. In Spain ...

Oil and the Macroeconomy | SpringerLink

Another possibility is that the correlation between oil prices and output results from common dependence on some third factor or factors that are the true cause ...

Oil Shocks and External Balances - Ford School of Public Policy

A large literature has investigated the macroeconomic impact of oil-price shocks, focusing in ... Euro area and for Japan, there is a small ...

How do oil price changes affect inflation in Central and Eastern ...

We find that the transmission of oil price changes to inflation is relatively low in the Central and Eastern European countries as an increase in the oil price ...

The impact of the oil-price shock on net oil exporters - Bruegel

The sharp decline in oil prices in 2014-2015 (Figure 1) generated a heavy macroeconomic shock on net oil exporters, especially those whose GDP and exports are ...

Oil Shock — Decoding the Causes and Consequences of the 2014 ...

For consumer countries like the United States, Japan, and South Korea, as well as for European states, lower oil prices are a clear macroeconomic gain. The oil ...

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

The macroeconomic indicators are extremely susceptible to minor fluctuations in oil prices causing a significant impact on the region's ...

Not All Oil Price Shocks Are Alike: - World Trade Organization

This spurred interest in the development of less conventional macroeconomic models that would be able to explain large effects of oil price shocks on real GDP.

Macroeconomic and Financial Effects of Oil Price Shocks

The paper investigates the macroeconomic and financial effects of oil prices shocks in the euro area since its creation in 1999, with a ...