Similar Search Results

Macroeconomic Uncertainty and the Impact of Oil Shocks

Robays, Ine Van - CESifo - 2012

This paper evaluates whether macroeconomic uncertainty changes the impact of oil shocks on the oil price. Using a … structural threshold VAR model, we endogenously identify different regimes of uncertainty in which we estimate the effects of oil … demand and supply shocks. The results show that higher macroeconomic uncertainty, as measured by higher world industrial …

Persistent link: https://www.econbiz.de/10010575442

Explosive Oil Prices

Gronwald, Marc - CESifo - 2013

This paper deals with three aspects of spectacular oil price episodes such as the one witnessed in 2008. First, the concept of temporary explosiveness is proposed as an empirical method for capturing this type of behavior. The application of a recently proposed recursive unit root test shows...

Persistent link: https://www.econbiz.de/10010877773

Cross-Country Differences in the Effects of Oil Shocks

Peersman, Gert; Robays, Ine Van - CESifo - 2010

We compare the economic consequences of several types of oil shocks across a set of industrialized countries that are structurally very diverse with respect to the role of oil and other forms of energy in their economy. We find considerably different effects across countries, which crucially...

Persistent link: https://www.econbiz.de/10008833921

Oil Prices, Exchange Rates and Asset Prices

Fratzscher, Marcel; Schneider, Daniel; Robays, Ine Van - CESifo - 2013

This paper takes a financial market perspective in examining the relationship between oil prices, the US dollar and asset prices, and it exploits the heteroskedasticity for the identification of causality in a multifactor model. It finds a bidirectional causality between the US dollar and oil...

Persistent link: https://www.econbiz.de/10010877722

Oil Prices and Stock Markets: What Drives what in the Gulf Corporation Council Countries?

Arouri, Mohamed El Hedi; Rault, Christophe - CESifo - 2010

In the empirical literature, only few studies have focused on the relationship between oil prices and stock markets in net oil-importing countries. In net oil-exporting countries this relationship has not been widely researched. This paper implements the panel-data approach of Kónya (2006),...

Persistent link: https://www.econbiz.de/10008534001

On the Influence of Oil Prices on Stock Markets: Evidence from Panel Analysis in GCC Countries

Arouri, Mohamed El hedi; Rault, Christophe - CESifo - 2009

This paper implements recent bootstrap panel cointegration techniques and Seemingly Unrelated regression (SUR) methods to investigate the existence of a long-run relationship between oil prices and Gulf Corporation Countries (GCC) stock markets. Since GCC countries are major world energy market...

Persistent link: https://www.econbiz.de/10005034640

Climate Effects of Carbon Taxes, Taking into Account Possible Other Future Climate Measures

Habermacher, Florian; Kirchgässner, Gebhard - CESifo - 2011

The increase of fuel extraction costs as well as of temperature will make it likely that in the medium-term future technological or political measures against global warming may be implemented. In assessments of a current climate policy the possibility of medium-term future developments like...

Persistent link: https://www.econbiz.de/10008914276

The Twin Effects of Globalization - Evidence from a Sample of Indian Manufacturing Firms

Daveri, Francesco; Manasse, Paolo; Serra, Danila - CESifo - 2010

and/or may benefit from more rapid careers. Hence, the costs of uncertainty and the benefits of skill upgrading associated …

Persistent link: https://www.econbiz.de/10008671733

Uncertainty and Economic Activity: A Global Perspective

Cesa-Bianchi, Ambrogio; Pesaran, M. Hashem; Rebucci, … - CESifo - 2014

quantifying the impact of uncertainty on macroeconomic dynamics based on the premise that uncertainty causes economic activity to …

Persistent link: https://www.econbiz.de/10010757723

Technology Transfers for Climate Change

Elsayyad, May; Morath, Florian - CESifo - 2013

This paper considers investments in cost-reducing technology in the context of contributions to climate protection. Contributions to mitigating climate change are analyzed in a two-period model where later contributions can be based on better information, but delaying the contribution to the...

Persistent link: https://www.econbiz.de/10010723540