By means of multisectoral economy-wide models for each of these countries, we quantify the nature and extent of the adjustment pressures imposed on them by what has now become known as the second OPEC oil shock of 1978-80. 展开 被引量: 4 ...
In this regard, the heterogeneous dynamic reaction to structural shock was examined using Panel Structural Vector Autoregressive (PSVAR) technique. Based on the findings, the effect of oil price shocks on discretionary fiscal policy was positive in short-run but ineffective in long-run. In addition...
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 were the main driving force, resulting in unprecedented worldwide oil demand shock and massive sell-offs in...
Oil prices recorded more loss on Thursday, after the Organisation of Petroleum Exporting Countries (OPEC) announced the shock delay of a key policy meeting, suggesting fresh upheaval in the bloc, while equities were mixed after two US reports dented recent euphoria over the future of interest rate...
oil price shockheterogeneous price expectationsOPECpeak oilunconventional oilIt has been forty years since the oil crisis of 1973/74. This crisis has been ... C Baumeister,L Kilian - 《Journal of Economic Perspectives》 被引量: 145发表: 2015年 OPEC and non-OPEC oil production and the global...
The second phase (1980–1986) was marked by the petroleum industry׳s second shock when the oil price hit US$ 36/barrel. • From 1986 until 1995, the third phase, known as the stagnation era, lasted. The global petroleum landscape altered in 1986, as petroleum prices fell from US$ ...
Norton, P.W.: Regulation, the OPEC oil supply shock, and wealth effects for electric utilities. Econ. Inq. 26, 223-238 (1988)Norton, S. W. (1988). Regulation, The OPEC Oil Supply Shock, and Wealth Effects for Electric Utilities. Economic Inquiry, 223-238....
Since OPEC agreed to supply-cuts in March, the price of crude oil has jumped to almost 26abarrel,upfromlessthan10 last December. T his near-tripling of oil prices calls up scary memories of the 1973 oil shock, when prices quadrupled, and 1979-1980, when they also almost tripled. Both ...
Since 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. This near-tripling of oil prices calls up scary memories of the 1973 oil shock, when prices quadrupled, and 1979-1980, when they also almost trip...
Last week, the OPEC oil cartel failed to agree on terms of supply cuts, leading to a price war among member states. Prices were on track Monday for the largest daily decline since the Gulf War in 1991. The supply shock comes as coronavirus continues to spread globally, lowering expectations...