. Moreover, our results suggest that the way how countries react to world commodity price shocks is related to the underlying …This paper investigates the impact of international shocks – interest rate, commodity price and industrial production …

mainly the imposition of a highly unrealistic prior for the global impact price elasticity of oil supply. Once identification … uncertainty about the global price elasticity of oil supply is accounted for by specifying a prior more in line with extraneous …

the world. We also find that the Iranian economy adjusts quite quickly to the shocks in foreign output and oil exports …

Paradox may emerge, it is argued that there is little hope that green replacement technologies will impose hard price …

introduce a renewable fuel standard, there will be carbon leakage to the rest of the world. However, climate costs may decline …

and demand. Supply disruptions turn out to be a bigger factor in historical oil price movements and inventory accumulation …

We use a new dataset on non-resource GDP to examine the impact of commodity price volatility on economic growth in a … panel of up to 158 countries during the period 1970-2007. Our main finding is that commodity price volatility leads to a … result, we show that increased commodity price volatility leads to a statistically significant and quantitatively large …

countries give rise to a 'multiplier effect': when a shock in the international food market drives up (down) its price … averse, food exporters may use trade policy to shield the domestic economy from large price shocks. This creates a … complementarity between the price of food in international markets and export policy. Specifically, unilateral actions by exporting …

cope with oil price volatility. The ongoing dividend equals approximately 30 per cent of government revenue and requires …