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Previous research has assessed the impact of policy uncertainty on a few macro variables. In this paper, we consider its impact on oil prices. Oil prices are usually determined in global markets by the law of demand and supply. Our concern in this paper is to determine which country's policy...
Persistent link: https://www.econbiz.de/10011996077
This article revisits the question of whether crude oil prices have a positive effect on stock the prices of renewable energy firms. To examine this question carefully, we allow for the asymmetric effects of oil price changes in our modeling process, using the nonlinear autoregressive...
Persistent link: https://www.econbiz.de/10012009866
important driving forces behind asymmetry. Cross sectional analysis, using firm level data, shows that plant and equipment … expenditures, raw materials inventory holdings, and bankruptcy score increase the likelihood ratio index for asymmetry by more than …
Persistent link: https://www.econbiz.de/10010263225
This paper contributes to the large debate regarding the impact of oil price changes on U.S. GDP growth. Firstly, it replicates empirical findings of prominent studies and finds that the proposed oil price measures have a dissipating effect with recent data up to 2016Q4. Secondly, it re-examines...
Persistent link: https://www.econbiz.de/10014284449
Previous research has assessed the impact of policy uncertainty on a few macro variables. In this paper, we consider its impact on oil prices. Oil prices are usually determined in global markets by the law of demand and supply. Our concern in this paper is to determine which country’s policy...
Persistent link: https://www.econbiz.de/10011848279
This paper contributes to the large debate regarding the impact of oil price changes on U.S. GDP growth. Firstly, it replicates empirical findings of prominent studies and finds that the proposed oil price measures have a dissipating effect with recent data up to 2016Q4. Secondly, it re-examines...
Persistent link: https://www.econbiz.de/10011906502
This article revisits the question of whether crude oil prices have a positive effect on stock the prices of renewable energy firms. To examine this question carefully, we allow for the asymmetric effects of oil price changes in our modeling process, using the nonlinear autoregressive...
Persistent link: https://www.econbiz.de/10011956457
oil price variations. In addition, the asymmetry of oil price changes impacts oil volatility; i.e., when oil prices soar …
Persistent link: https://www.econbiz.de/10008625890
In the past decade changes in oil prices have played a significant role in shaping inflation dynamics in the US and in the euro area, largely through their direct effect on fuels prices, reviving the controversy over whether the prices of petroleum products respond more promptly to positive than...
Persistent link: https://www.econbiz.de/10008626023
Persistent link: https://www.econbiz.de/10014336249