The Macroeconomic Effects of Oil Price Shocks

Chapter Title: The Macroeconomic Effects of Oil Price Shocks: Why are the 2000s so different from the 1970s? Chapter Author: Olivier J. Blanchard, Jordi Galí.

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.

The macroeconomic effects of oil price shocks - ScienceDirect.com

We investigate the effects of different oil shocks on macroeconomic aggregates in the US, the euro area, and China.

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

We examine four different hypotheses for the mild effects on inflation and economic activity of the recent increase in the price of oil: (a) good luck (i.e. ...

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

(2019), an escalation in oil prices reduces real GDP and investment while the reduction in oil prices boosts the macroeconomy. Uncertainty in ...

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 ...

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

In most macroeconomics textbooks, an unexpected increase in oil price increases production costs, which harms economic activity and increases ...

The macroeconomic effects of oil price shocks: Why are the 2000s ...

We examine four different hypotheses for the mild effects on inflation and economic activity of the recent increase in the price of oil: (a) good luck (i.e. ...

The Macroeconomic Effects of Higher Oil Prices - WP/01/14

macroeconomic effects of oil price shocks, with particular focus on the implications for economic activity and inflation in the industrial countries. The ...

Macroeconomic effects of oil price shocks in Brazil and in the United ...

In Brazil, oil price shocks have 1/10 of the contribution in inflation volatility when compared to the United States. In addition, such shocks contribute to ...

The macroeconomic effects of oil supply news: Evidence from OPEC ...

• Oil prices are endogenous. • Not all oil price shocks are alike. • The literature has focused on oil supply and demand. • Less attention has been devoted to ...

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

We investigate whether the response of the macro-economy to oil price shocks under- goes episodic changes. Employing a regime-switching ...

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

(2019), an escalation in oil prices reduces real GDP and investment while the reduction in oil prices boosts the macroeconomy. Uncertainty in ...

NONLINEARITIES AND THE MACROECONOMIC EFFECTS OF OIL ...

This paper reviews some of the literature on the macroeconomic effects of oil price shocks with a particular focus on possible nonlinearities in the relation.

Full article: The macroeconomic effects of oil price shocks on Vietnam

Supply-side oil price shocks have little impact on inflation and international competitiveness but condition the monetary policy. Neglecting such influence in ...

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

Since the first main oil shock in 1973, many studies have focused on the empirical association between oil prices and macroeconomic fundamentals. Hamilton (2011) ...

The Macroeconomic Effects of Higher Oil Prices

The paper uses MULTIMOD to analyze the macroeconomic effects of oil price shocks, distinguishing between temporary, more persistent, and permanent shocks.

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.

The macroeconomic effects of oil price shocks on Vietnam

Supply-side oil price shocks have little impact on inflation and international competitiveness but condition the monetary policy. Neglecting such influence in ...

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 ...