OIL AND THE GREAT MODERATION
Oil and the Great Moderation | The Economic Journal
'The Great Moderation' refers to the pronounced decline in the volatility of these (and other) macro variables in the post‐1984 sample. In particular, the ...
OIL AND THE GREAT MODERATION - Banco de España
Keywords: Great Moderation, oil shocks, Bayesian estimation, counterfactual simulations ... However, our results are distinct when it comes to attribution of the ...
We nest two popular explanations for the Great Moderation: (1) smaller (non-oil) real shocks; and (2) better monetary policy. We find that the reduced oil share ...
Oil Price Shocks, Systematic Monetary Policy and the 'Great ...
First, since the 'Great Moderation', oil price shocks account for a smaller proportion of the variability of both macro and manufacturing variables. Second ...
Oil and the Great Moderation* - Nakov - 2010 - Wiley Online Library
We find that oil played an important role in the stabilisation. Around half of the reduced volatility of inflation is explained by better ...
Oil and the Great Moderation - Federal Reserve Bank of Cleveland
Oil and the Great Moderation ... We assess the extent to which the period of great U.S. macroeconomic stability since the mid-1980s can be accounted for by ...
Oil and the Great Moderation. | Kenneth Rogoff
2006. “Oil and the Great Moderation.” Kommersant. May 16.
Oil and the Great Moderation - IDEAS/RePEc
We assess the extent to which the period of great U.S. macroeconomic stability since the mid-1980s can be accounted for by changes in oil shocks and the oil ...
The Great Moderation | Federal Reserve History
... Moderation were smaller than the large, adverse shocks of the 1960s and 1970s. The powerful oil price shocks of that earlier period are the most obvious example ...
Oil and the Great Moderation by Anton Nakov, Andrea Pescatori
We find that the reduced oil share accounted for as much as one-third of the inflation moderation, and 13% of the growth moderation, while ...
Oil and the Great Moderation - National Gallery of Art Library
We assess the extent to which the greater US macroeconomic stability since the mid-1980s can be accounted for by changes in oil shocks and the oil ...
Oil and the Great Moderation - IDEAS/RePEc
Anton Nakov & Andrea Pescatori, 2010. "Oil and the Great Moderation," Economic Journal, Royal Economic Society, vol. 120(543), pages 131-156, March.
Gold and crude oil prices after the great moderation - ScienceDirect
This paper has shown that gold and oil prices have followed a non-linear long-run attractor since the Great Moderation, and that they are threshold cointegrated ...
Discussion of `Oil and the Great Moderation' by Nakov and Pescatori
(Oil to US GDP link is important for results.) Aruoba. Discussion of 'Oil and the Great Moderation'by Nakov and Pescatori. Page 9 ...
Oil and the Great Moderation | Request PDF - ResearchGate
We nest two popular explanations for the Great Moderation: (1) smaller (non-oil) real shocks; and (2) better monetary policy. We find that the reduced oil share ...
OIL PRICE SHOCKS, SYSTEMATIC MONETARY POLICY, AND ...
OIL PRICE SHOCKS, SYSTEMATIC MONETARY POLICY, AND THE “GREAT MODERATION” - Volume 13 Issue 1.
Oil and Macroeconomic (In)stability - American Economic Association
Using a Markov Switching Rational Expectation New-Keynesian model we revisit the timing of the Great Moderation and the sources of changes in the volatility of ...
Oil and the Great Moderation | Request PDF - ResearchGate
Request PDF | Oil and the Great Moderation | We assess the extent to which the greater US macroeconomic stability since the mid-1980s can be accounted for ...
Explaining the Great Moderation: it is not the shocks
838 “Securitisation and the bank lending channel” by Y. Altunbas, L. Gambacorta and D. Marqués, December 2007. 839 “Are there oil currencies? The real exchange ...
Oil Price Shocks, Systematic Monetary Policy, and the 'Great ...
Oil Price Shocks, Systematic Monetary Policy, and the 'Great Moderation'. Herrera A. M., Pesavento E. February 2009 Applied Macroeconomics. Cite DOI. Abstract.