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Macroeconomic Uncertainty and the Impact of Oil Shocks
Van Robays, Ine - 2014
demand and supply shocks. The results show that higher macroeconomic uncertainty, as measured by higher world industrial …
Persistent link: https://www.econbiz.de/10013065379
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Overvalued : Swedish Monetary Policy in the 1930s
Rathke, Alexander - 2013
enabling the country to benefit quickly from the eventual recovery of world demand …
Persistent link: https://www.econbiz.de/10013091832
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US Monetary Policy in a Globalized World
Cuaresma, Jesús Crespo - 2016
policy shock leads to a persistent fall in international output, a drop in global inflation rates, a rise in international … shock to foreign real GDP growth …
Persistent link: https://www.econbiz.de/10012994181
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Distributional Consequences of Labor-Demand Shocks : The 2008-09 Recession in Germany
Bargain, Olivier - 2011
The distributional consequences of the recent economic crisis are still broadly unknown. While it is possible to speculate which groups are likely to be hardest-hit, detailed distributional studies are still largely backward-looking due to a lack of real-time microdata. This paper studies the...
Persistent link: https://www.econbiz.de/10013127632
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Country-Specific Oil Supply Shocks and the Global Economy : A Counterfactual Analysis
Mohaddes, Kamiar - 2015
the shock. In particular, we find that adverse shocks to Iranian oil output are neutralized in terms of their effects on … contrast, a negative shock to oil supply in Saudi Arabia leads to an immediate and permanent increase in oil prices, given that … supply shock has significant adverse effects for the global economy with real GDP falling in both advanced and emerging …
Persistent link: https://www.econbiz.de/10013021694
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Forty Years of Oil Price Fluctuations : Why the Price of Oil May Still Surprise Us
Baumeister, Christiane - 2016
It has been forty years since the oil crisis of 1973/74. This crisis has been one of the defining economic events of the 1970s and has shaped how many economists think about oil price shocks. In recent years, a large literature on the economic determinants of oil price fluctuations has emerged....
Persistent link: https://www.econbiz.de/10012998728
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The Macroeconomic Policy Challenges of Balance Sheet Recession : Lessons from Japan for the European Crisis
Schnabl, Gunther - 2013
The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary monetary and fiscal policies is the hysteresis of...
Persistent link: https://www.econbiz.de/10013081055
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Uncertainty and Monetary Policy in Good and Bad Times
Caggiano, Giovanni - 2017
We investigate the role played by systematic monetary policy in tackling the real effects of uncertainty shocks in U.S. recessions and expansions. We model key indicators of the business cycle with a nonlinear VAR that allows for different dynamics in busts and booms. Uncertainty shocks are...
Persistent link: https://www.econbiz.de/10012947523
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Cross-Country Differences in the Effects of Oil Shocks
Peersman, Gert - 2014
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/10013068762
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Fuel Efficiency Improvements - Feedback Mechanisms and Distributional Effects in the Oil Market
Aune, Finn Roar - 2015
efficiency improvements are policy-induced in certain regions of the world. We are especially interested in feedback mechanisms …
Persistent link: https://www.econbiz.de/10013015360