medium-term horizon. The economic effects of electricity shortages are also direct and indirect, but the temporal lag is … shorter than for oil disruptions. In this paper, we summarise the different ways an economy is affected by an oil shock or a … weak business and consumer confidence. The social costs of electricity shortages have immediate negative results, and …

medium-term horizon. The economic effects of electricity shortages are also direct and indirect, but the temporal lag is … shorter than for oil disruptions. In this paper, we summarise the different ways an economy is affected by an oil shock or a … weak business and consumer confidence. The social costs of electricity shortages have immediate negative results, and …

medium-term horizon. The economic effects of electricity shortages are also direct and indirect, but the temporal lag is … shorter than for oil disruptions. In this paper, we summarise the different ways an economy is affected by an oil shock or a … weak business and consumer confidence. The social costs of electricity shortages have immediate negative results, and …

demand and supply shocks. The results show that higher macroeconomic uncertainty, as measured by higher world industrial …

supply shock has only a limited effect on oil price. Finally, a news shock regarding oil supply shortfalls has macroeconomic …

This paper examines the relationship between monetary policy and oil prices within a world oil demand and supply model … rates is a two-way relationship that depends on the type of oil shock. During a supply shock, rising oil prices caused … interest rates to increase; whereas during a demand shock, falling interest rates caused oil prices to rise. Record low …