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Oil Price Shocks and Forecasting Recessions


Oil Price Shocks and Forecasting Recessions

An oil supply shock results in higher oil prices, which in turn means higher input prices for many goods and services in the economy. Producers ...

The Role of Oil Price Shocks in Causing U.S. Recessions

Key words: Real GDP; nonlinearity; asymmetry; time variation, conditional response; prediction. JEL: E32, E37, E51, Q43. Acknowledgements: The views in this ...

Rising Oil Prices and Economic Turmoil | St. Louis Fed

The oil price shock, as economists have coined it, occurred as monetary policy-makers acted to keep the economy from overheating.

The Macroeconomic Effects of Oil Price Shocks

... recessions were pre- ceded by increases in the price of oil, suggesting an essential role for oil price increases as one of the main causes of recessions.

The Role of Oil Price Shocks in Causing U.S. Recessions - jstor

Keywords: real GDP, nonlinearity, asymmetry, time variation, conditional response, prediction, net oil price increase. There is a long tradition of associating ...

Oil price shocks cause recessions. Will this one do the same? - CNN

Oil prices rose sharply before the Great Recession too; however, that downturn was more due to the subprime mortgage bubble bursting and the ...

The sensitivity of oil price shocks to preexisting market conditions

The effects of the price shock on production of crude are weakest in China, and Russia where there is little response throughout the forecast period. Canada ...

Historical Oil Shocks* - UC San Diego Department of Economics

12 When the price controls were lifted in June of 1953, the posted price of West. Texas Intermediate increased 10%. The second postwar recession ...

FRB: The Role of Oil Price Shocks in Causing U.S. Recessions

Abstract: Although oil price shocks have long been viewed as one of the leading candidates for explaining U.S. recessions, surprisingly little is known ...

Second-Round Effects of Oil Price Shocks

An index of inflation expectations' anchoring based on the deviation of long-term inflation forecasts from central bank targets demonstrates marked improvements ...

History Suggests Oil Shock Raises Probability of U.S. Recession

Historically, a surge in crude-oil prices of this magnitude have ended U.S. economic expansions and tipped the U.S. economy into recession, ...

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

“Forecasting Crude Oil Price Volatility,”. International Journal of ... “The Role of Oil Price Shocks in Causing US recessions. Journal of Money ...

The Role of Oil Price Shocks in Causing U.S. Recessions

JEL codes: E32, E37, E51, Q43. Keywords: real GDP, nonlinearity, asymmetry, time variation, conditional response, prediction, net oil price increase. THERE IS A ...

Causes and Consequences of the Oil Shock of 2007–08

oil price surprises to these forecast errors. The result of this ... that every recent U.S. recession has been caused by an oil price spike. He.

The Role of Oil Price Shocks in Causing U.S. Recessions

Although oil price shocks have long been viewed as one of the leading candidates for explaining US recessions, surprisingly little is known about the extent to ...

Oil price shocks and economic growth: The volatility link

One oil shock measure, an indicator variable on the net oil price increase, results in the best density forecasts for economic growth. This specification ...

Do increases in oil prices precede U.S. recessions?

The literature concludes that significant increases in oil prices (oil shocks) lead to slower GDP growth and was a contributing factor of. U.S. recessions, ...

How Oil-Price Shocks Affect Producers and Consumers | NBER

An implication of this result is that, when trying to predict the impact of an oil price shock on drilling activity, it is important to consider not just the ...

A Look at the Connection Between Oil Price Shocks and Recessions

(In fact, even if there isn't a good understanding of the underlying reason, it might make sense to use a spike in oil prices as a predictor of ...

Systematic Monetary Policy and the Effects of Oil Price Shocks

Second, in the view of many economists, oil price shocks are perhaps the leading alternative to monetary policy as the key factor in postwar U.S. recessions: ...