The Macroeconomics of Oil Shocks

html. The Macroeconomics of Oil Shocks. During the first quarter of 2002, the price of crude oil averaged $19.67 per barrel. Four years later, in the first.

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: (a) ...

The macroeconomics of oil shocks - IDEAS/RePEc

Five of the last seven U.S. recessions were preceded by significant increases in the price of oil. In ?The Macroeconomics of Oil Shocks,? Keith Sill examines ...

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 Macroeconomics of Oil Shocks

The Macroeconomics of Oil Shocks ... Business Review — For various reasons, oil-price increases may lead to significant slowdowns in economic growth. Five of the ...

What happened to the oil price-macroeconomy relationship?

Strong evidence is found that oil prices no longer Granger cause many US macroeconomic indicator variables in data after 1973.

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 ...

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

This research tends to convey the relationship between crude oil price volatility and key macroeconomics indicators.

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 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 ...

The macroeconomics of oil shocks - EconPapers - RePEc

By Keith Sill; Abstract: For various reasons, oil-price increases may lead to significant slowdowns in economic growth. Five of the last seven U.

Macroeconomic uncertainty and the impact of oil shocks

We identify three types of oil shocks using sign restrictions; oil supply shocks, oil demand shocks driven by economic activity, and oil- specific demand shocks ...

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 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 shocks and macroeconomic dynamics: How important is ...

Our findings show that the link between oil prices and macroeconomic dynamics is nonlinear and that structural shocks in the oil market ...

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 macroeconomics of "oil prices" and "economic shocks"

Abstract This paper examines the relationship between oil price shocks and recessions and focuses particularly on the period of stagflation in.

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 ...

The macroeconomics outcome of oil shocks in the small Eurozone ...

In this paper we investigate the macroeconomic outcomes of oil shocks in a group of small open Euro-area countries in the European Monetary Union (EMU) period.

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

The prices of crude oil directly affect industrial output, investment, international commerce, and other production forms and even decrease in ...