Cashin, Paul; Mohaddes, Kamiar; Raissi, Mehdi; Raissi, … - International Monetary Fund (IMF) - 2012
countries/regions over the period 1979Q2–2011Q2, to discriminate between supply-driven and demand-driven oil-price shocks and … to study the time profile of their macroeconomic effects for different countries. The results indicate that the economic … activity, and vary for oil-importing countries compared to energy exporters. While oil importers typically face a long …