1 presents the impulse responses of NEER, Euribor, oil, and stock prices from a one standard deviation shock to oil prices. As in the previous analysis, the euro exchange rate is negatively affected by a positive oil price shock. Based on one standard deviation error bands (dotted line) ...
Oil price shocksMacroeconomyOPECShale boomEnergy securityOil price shocks have had significant effects on the U.S. economy, keeping energy supply, energy policy, and energy security always in focus. The U.S. energy industry has become more efficient and productive, with increased output despite a...
②Since OPEC agreed to supply-cuts in March, the price of crude oil has jumped to almost $26 a barrel, up from less than $10 last December.③This near-tripling of oil prices calls up scary memories of the 1973 oil shock, when prices quadrupled, and 1979-80, when they also almost tr...
In this paper, we assess the impact and repercussions of oil price fluctuations on the UK economy. We use an empirical strategy which allows us to decompose oil price changes from the underlying source of the shock. Our results show that the consequences of oil price changes on UK macroeconomi...
OPEC Braces For Oil Market's “Historic Shock” OPEC released its much anticipated April monthly report. Crude Oil Price Movements Crude oil prices collapsed in March 2020, recording their deepest monthly drop since the global financial crisis in 2008. The ramifications of the COVID-19 pandemic ...
At the same time, there has been increasing recognition of the importance of shifts in the demand for oil. Recent research has provided robust evidence that oil demand shocks played a central role in all major oil price shock episodes since the 1970s. 展开 关键词:...
This study analyses the impact of the 1986 oil price shock on China and the policy options for accommodating the shock. A computable general equilibrium mo... ZP&W Martin - 《Journal of Development Studies》 被引量: 10发表: 1994年 The Impact of Oil Price Hike on the Belarusian Economy This...
The large OPEC-engineered real world oil price increases of the early and late 1970?s have set in train, via a highly integrated international trade and finance system, significant resource transfers from energy-poor to energy-rich countries. In accommodating these resource transfers both energy exp...
But studies have shown that the magnitude, lag and duration of the impact of an oil price shock on the real economy is dependent on a number of factors, including the duration (temporary vs. permanent), nature (demand- vs supply-side) and origin (domestic vs. exogenous) of the shock, ...
OPEC pricing power : the need for a new perspective Since the 1973 oil price shock, the history and behaviour of the Organization of Petroleum Exporting Countries (OPEC) have received considerable attention ... B Fattouh 被引量: 64发表: 2007年 Monetary policies and oil price determination: An...