supply shocks in driving oil price fluctuations. Our results also confirm that a change in the composition of shocks helps … demand shock and to assess how the effects of various demand and supply shocks change in the presence of oil storage facility …. We find that business-cycle driven oil demand shocks are the most important drivers of U.S. oil price fluctuations during …

permanent oil supply shocks hitting the world economy at an unspecified future date. For modest-sized shocks and conventional …

examines the impact of that deleveraging on credit supply in recipient economies, with a particular focus on Asia … foreign claims was associated with a substantial reduction in domestic credit supply in a broad sample of countries. However …, the credit supply response in Asia was only about half the size of the response in non-Asian countries, possibly due to a …

intermediatires and a corresponding price series. Using price and quantity indicators simultaneously, it is possible to distinguish … between shocks to the supply and demand for global liquidity, and isolate their impact on the economy. Our results confirm …

negative credit supply shock applied to SMEs has an adverse effect on economic activity, and this impact is amplified in …

examines one particular channel at work: the supply of credit. It presents a model in which a bank, even if managed by risk …-neutral shareholders and subject to limited liability, can exhibit self-insurance, and thus loan supply contracts when uncertainty … credit supply is achieved by looking at the differential response of banks according to their level of capitalization …

Analyzing macroeconomic impacts of oil price changes requires first to investigate different sources of these changes … and their distinct effects. Kilian (2009) analyzes the effects of an oil supply shock, an aggregate demand shock, and a … framework. It models a small open economy and the rest of the world together to discover both accompanying effects of oil price …