Oil and the Macroeconomy

Oil and the Macroeconomy - UC San Diego Department of Economics

If these oil shocks did contribute to economic downturns, it would have to be attributed to the movements they induced in other factors of ...

Oil and the Macroeconomy Since the 1970s

Oil and the Macroeconomy Since the 1970s by Robert B. Barsky and Lutz Kilian. Published in volume 18, issue 4, pages 115-134 of Journal of Economic ...

Oil and the Macroeconomy since World War II - jstor

-Changes in crude oil prices (solid lines) and U.S. recessions (shaded areas),. 1947-75. This decade of stagnating economic performance coincided with a period ...

The Fed - Oil and the Macroeconomy Revisited

Several authors have argued that asymmetric and nonlinear transformations of oil prices restore that relationship and thus that the economy ...

Oil and the Macroeconomy: A Case of Korea

The goal of this paper is to analyze the nature of recent oil price hikes and the effect on the Korean macroeconomic activities. The Korean economy has ...

(PDF) Oil and the Macroeconomy since World War II - ResearchGate

Hamilton (1983) studied the relationship between economic recessions and oil price shocks in the USA since the Second World War, providing ...

Oil and the Macroeconomy When Prices Go Up and Down

Confirmations and Contradictions Oil and the Macroeconomy When Prices Go Up and Down: An Extension of Hamilton's Results

What happened to the oil price-macroeconomy relationship?

A number of potential explanations are explored: that sample stability issues are responsible, that oil prices are now endogenous, and that linear and symmetric ...

Oil and the Macroeconomy When Prices Go Up and Down - jstor

In an important paper, Hamilton (1983) demonstrated a strong cor- relation between oil price changes and gross national product growth in U.S. data.

This is what happened to the oil price-macroeconomy relationship

Abstract. Many of the quarterly oil price increases observed since 1985 are corrections to even bigger oil price decreases the previous quarter. When one looks ...

Oil and the Macroeconomy since World War II

All but one of the U.S. recessions since World War II have been preceded, typically with a lag of around three-fourths of a year, by a dramatic increase in ...

Oil and the Macroeconomy: A Quantitative Structural Analysis

We model an open economy where macroeconomic variables fluctuate in response to oil supply shocks, as well as aggregate demand and supply shocks generated ...

Oil and the Macroeconomy Since the 1970s | NBER

Oil and the Macroeconomy Since the 1970s ... Increases in oil prices have been held responsible for recessions, periods of excessive inflation, ...

Oil and the Macroeconomy Since the 1970s - Search eLibrary :: SSRN

Increases in oil prices have been held responsible for recessions, periods of excessive inflation, reduced productivity and lower economic growth.

Oil and the Macroeconomy Since the 1970s - IDEAS/RePEc

We examine critically the evidence that has led many economists to ascribe a central role to exogenous political events in modeling the oil market, and we ...

The oil price and the macroeconomy: What's going on? - CEPR

In the 1970s, large increases in the price of oil were associated with sharp decreases in output and large increases in inflation.

Oil and the Macroeconomy since World War II - Semantic Scholar

All but one of the U.S. recessions since World War II have been preceded, typically with a lag of around three-fourths of a year, by a dramatic increase in ...

Oil and the Macroeconomy in a Changing World

Since the mid 1970s, oil price spikes and busts have periodically disrupted the world economy. In July 2008 oil prices peaked above $145 a ...

How Changes in Oil Prices Affect the Macroeconomy

We estimate a New Keynesian general-equilibrium open economy model to examine how changes in oil prices affect the macroeconomy. Our model allows oil price ...

Oil Shocks and the Macroeconomy: The Role of Price Variability

Abstract. In this paper we argue that an oil price change is likely to have greater impact on real GNP in an environment where oil prices have been stable, than ...