15.Organization of the Petroleum Exporting Countries have decided to key up the oil price石油输出国组织已决定提高石油价格。 16.A second major oil shock in 1979, aided by the Iranian Revolution, sent oil prices up pest $40 a barrel.1979年第二次大规模的石油冲击是伊朗革命促成的,它使油价上涨到...
Oil price shocksoil‐exporting countriesasymmetric effectsVARinstitutional qualityE32Q43C3Many empirical studies on the oil price shock effects on the economies of oil-exporting countries have assumed a linear relationship between the shocks and macroeconomic variables, offering no insights on the dynamics ...
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) ...
We find substantial empirical evidence suggesting the asymmetric impact of oil price shocks in several countries, irrespective of the magnitude of the shock. In addition, we explain how the output and fiscal responses to large oil price shocks are significantly different depending on country-specific ...
Oil price shocks and emerging stock markets: a generalized VAR approach Int. J. Appl. Econ. Quant. Stud., 1 (2) (2004), pp. 27-40 Google Scholar Malik and Hammoudeh, 2007 F. Malik, S. Hammoudeh Shock and volatility transmission in the oil, US and Gulf equity markets Int. Rev. ...
Farrar and Glauber (1967) noted that the multicollinearity may lead to less reliable estimates if the correlation coefficient is higher than 0.8. Much empirical literature has documented the relationship between economic policy uncertainty and global oil market price fluctuations (for example, Antonakakis...
Liu Y, Yang C, Huang K, Gui W (2020) Non-ferrous metals price forecasting based on variational mode decomposition and LSTM network. Knowl-Based Syst 188:105006 Article Google Scholar Lu QY, Shi HT, Wang SY (2022) Estimating the shock effect of “black swan” and “gray rhino” events...
quarter) when prices strayed from the levels implied by market fundamentals. We identify nine price regimes that are associated with the Organization of the Petroleum Exporting Countries gaining control over the marginal supply of crude oil, US energy legislation, a precautionary demand shock, the ...
(Adekoya and Oliyide, 2021;Bouri et al., 2021;Ferrer et al., 2018;Guo et al., 2021) Second, the outcomes from the empirical analysis indicate that the response of the cryptocurrency market to crude oil shocks is quite homogeneous across cryptocurrencies and across shock types, although ...
oil price shocks increase with energy dependence for Mediterranean countries in the European Union. Although such research suggests that a reduced oil-to-GDP ratio could weaken the response of the U.S. economy to oil price shocks, the author is not aware of any peer-reviewed empirical research...