The Jobs Impact of Oil Supply Shocks

The Jobs Impact of Oil Supply Shocks | St. Louis Fed

Higher oil prices caused by a contractionary supply shock do affect U.S. manufacturing jobs, but the impact appears to be relatively small.

The Effects of Oil Price Shocks on Job Reallocation

Whether this change in the transmission process is due to variation in the composition of the oil price shocks faced by the. U.S. economy (i.e. demand versus ...

Employment Fluctuations and the World Oil Market

Oil supply shocks also have an effect on employment, especially in the manufacturing industry because of its dependence on oil as an input.

The Effect of Oil Supply Shocks on U.S. Economic Activity

1 in the online appendix): (a) An unanticipated flow supply shock causes oil production to decline, the real price of oil to increase, and global real economic ...

The Distributional Effects of Oil Shocks - European Central Bank

We study the effects of oil supply shocks across the income distribution using 45 years of high-frequency German administrative data.

The Macroeconomic Effects of Oil Supply News

These shocks have statistically and economically significant effects. Negative news leads to an immediate increase in oil prices, a gradual fall in oil ...

Oil price uncertainty and U.S. employment growth - ScienceDirect.com

Oil price shocks have negative impact on employment growth in most sectors, but the public sector is largely unaffected. •. Employment growth responds ...

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

estimating the impact of supply and demand driven shocks. An increasing body of literature aimed at modeling the effect of these structural shocks suggests ...

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

First, an oil supply shock moves oil prices and oil production in opposite directions. Such shocks could, for instance, be the result of production disruptions ...

Demand Shocks, Supply Shocks and Oil Prices: Implications for OPEC

There is plenty of evidence to suggest that the nature of the shock matters and that demand shocks and supply shocks do not have the same impact on oil prices, ...

The Effects of the Real Oil Price on Regional Wage Dispersion

We find that oil supply shocks decrease average real wages, particularly skilled wages, and increase wage dispersion across regions, particularly unskilled ...

The Effects of Oil Supply and Demand Shocks on U.S. Consumer ...

Other oil demand shocks lead to pronounced increases in expected inflation and interest rates and the corresponding decreases in expected real ...

Are Temporary Oil Supply Shocks Real? - Bank of Canada

We find that the temporary oil supply shocks have local, temporary price effects—mainly on gasoline prices—and that broader consumer price index ...

The Differential Effects of Oil Demand and Supply Shocks on the ...

The results indicate that the economic consequences of a supply-driven oil-price shock are very different from those of an oil-demand shock driven by global ...

The Effects of Oil Price Shocks on Job Reallocation

Our results point to a smaller response of job creation and job destruction during the Great Moderation, but an increase in the intensity of job ...

Time-Varying Effects of Oil Supply Shocks on the US Economy - jstor

fact that oil price shocks are merely symptoms of underlying oil supply and oil demand shocks. As the composition of these structural oil supply and oil ...

The Impact of U.S. Supply Shocks on the Global Oil Price

I examine the role of the U.S. shale oil boom in driving global oil prices. Using a structural vector autoregressive (SVAR) model that identifies separate ...

Oil price shocks, monetary policy and current account imbalances ...

In this section, we show the impact of two shocks on the current account and the foreign debt of the foreign country, oil price shocks and oil supply shocks.

The Employment and Wage Effects of Oil Price Changes in

We find that oil price increases result in a substantial decline in real wages for all workers, but raise the relative wage of skilled workers.

Oil Price Changes and Unemployment Rate in the U.S. and Chile

The face of a negative shock in the oil supply, oil production contracts (negative sign), increases its price (positive sign) and its impact on ...