Macroeconomic and financial effects of oil price shocks

The Macroeconomic Effects of Oil Price Shocks

Blanchard is the Class of 1941 Professor at the Massachusetts Institute of Tech- nology and a research associate of the National Bureau of Economic Research.

Recessionary effects are triggered by oil price hikes and the recent slump. •. The recent slump is also causing deflation risk and financial distress. Abstract.

The Macroeconomic and Financial Effects of Oil Price Shocks

The oil price shock is considered as a major contributor to economic fluctuation. In this paper, we investigate whether the impulse responses of different ...

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 macroeconomic and financial effects of oil price shocks.

The oil price shock is considered as a major contributor to economic fluctuation. In this paper, we investigate whether the impulse responses of ...

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

We examine four different hypotheses for the mild effects on inflation and economic activity of the recent increase in the price of oil.

Macroeconomic and financial effects of oil price shocks

The post-2009 oil price run-up also likely contributed to sluggish growth, while real interest rate and uncertainty effects are the potential channels through ...

Macroeconomic implications of oil price fluctuations: a regime ...

... oil as a globally-traded financial asset whose price ... sources of oil price shocks as a key determinant of their macroeconomic effects.

Macroeconomic effects of oil price shocks on an emerging market ...

The existing literature has shown that an oil demand shock driven by economic activity has an expansionary effect on GDPs of advanced economies, ...

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, ...

Oil Price Shocks and U.S. Economic Activity - University of Kentucky

In an economy where the aggregate production function is continuous and differentiable, the effect of an increase in energy prices is bounded by the share of.

Macroeconomic impacts of oil price shocks on inflation and real ...

This finding is consistent with Mehrara (2008), who report a nonlinear and asymmetric relationship between oil prices and economic growth of oil-exporting ...

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

For oil demand shocks driven by global economic activity, all economies experience a temporary increase in real GDP following an oil price increase, while for ...

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

The prices of crude oil directly affect industrial output, investment, international commerce, and other production forms and even decrease in ...

Second-Round Effects of Oil Price Shocks

At the same time, the strength of their responses also depends on structural characteristics and economic states as does the strength of the pass-through of oil ...

Macroeconomic uncertainty and the impact of oil shocks

Conditional on being in a particular regime, we quantify the impact of different types of oil shocks on oil prices, oil production and economic activity. We ...

Systematic Monetary Policy and the Effects of Oil Price Shocks

See, for example, Leeper, Sims, and Zha (1996). 91. Page 2. 92. Brookings Papers on Economic Activity, 1:1997.

The macroeconomic and financial effects of oil price shocks

The oil price shock is considered as a major contributor to economic fluctuation. In this paper, we investigate whether the impulse responses of different ...

Oil Price Shocks and U.S. Economic Activity

The apparent weakening or reversal of the past economic effects of oil price shocks stimulated a new literature about why the U.S. economy might.

Macroeconomic and Financial Effects of Oil Price Shocks

We find evidence of recessionary effects triggered not only by oil price hikes, but also by oil price slumps in some cases, likewise for the most recent episode ...