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 … supply shocks in driving oil price fluctuations. Our results also confirm that a change in the composition of shocks helps …

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

and their distinct effects. Kilian (2009) analyzes the effects of an oil supply shock, an aggregate demand shock, and a … precautionary oil demand shock. The paper's aim is to model macroeconomic consequences of these shocks within a new Keynesian DSGE …

between shocks to the supply and demand for global liquidity, and isolate their impact on the economy. Our results confirm …

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 …

, partly financed by FDI, is the main driver boosting domestic demand, as seen in the fast-growing import of investment and …

pertaining to the strength in exports, the weakness in domestic demand, and the surge in the current account. It discusses the … adjustment undertaken in the private sector and its impact on exports and domestic demand, followed by fiscal and monetary …