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...
As the organization of oil exporting countries,OPEC has exerted great influences on the oil price all through.However,as the oil price is soaring after world financial crisis in 1998,OPEC's ability to manipulate oil price has brought about myriads of debates.To make certain the question,this ...
My personal guess as to why the model does not do well over the last 5 years is that quantitative easing caused financial bubbles that inflated the price of oil from 2009-2013 and that currently those bubbles are deflating so that the model will overestimate the price of oil for a couple ...
Empirical results show an immediate and significant negative real stock returns to oil price shock in Nigeria. The Granger causality test indicates thatcausation run from oil price shocks to stock returns, implying thatvariation in stock market is explainedby oil price volatility. It is also ...
The second oil price shock in 1979 led to global recession and imposed even more hardship on the prosperity of developing countries as the price for their oil imports rose and the price for their other export products fell. By 1985 Third World Debt exceeded $1 trillion dollars. The problem ...
According to some authors, a tightening of monetary policy following an oil price shock has a much more severe impact than the direct effects of the oil price shock themselves. However, empirical evidence on this matter is ambiguous. Current simulations for the euro area, the U.S.A. and ...
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...
In this study, we analyze the time-frequency connectedness between the recent COVID-19 outbreak, crude oil price volatility shock, the economic policy uncertainty, the geopolitical risk and the stock market in the US using the continuous wavelet transform, the wavelet coherence and the wavelet-...
A straightforward, and often used, way to analyze the effects of an oil price shock is to include in the VAR the world market oil price together with other macroeconomic variables of a SOE, and identify the shock to the oil price by imposing some restrictions. A problem with this method ...
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...