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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

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

Modeling Fluctuations in the Global Demand for Commodities

Kilian, Lutz - 2018

It is widely understood that the real price of globally traded commodities is determined by the forces of demand and supply. One of the main determinants of the real price of commodities is shifts in the demand for commodities associated with unexpected fluctuations in global real economic...

Persistent link: https://www.econbiz.de/10012930077

The Role of Oil Price Shocks in Causing U.S. Recessions

Kilian, Lutz - 2016

Although oil price shocks have long been viewed as one of the leading candidates for explaining U.S. recessions, surprisingly little is known about the extent to which oil price shocks explain recessions. We provide a formal analysis of this question with special attention to the possible role...

Persistent link: https://www.econbiz.de/10012997161

The Impact of Monetary Strategies on Inflation Persistence

Kočenda, Evžen - 2017

We analyze the impact of price stability-oriented monetary strategies (inflation targeting — IT — and constraining … exchange rate arrangements) on inflation persistence using a time-varying coefficients framework in a panel of 68 countries … (1993–2013). We show that explicit IT has a stronger effect on taming inflation persistence than implicit IT and is …

Persistent link: https://www.econbiz.de/10012962672

Monetary Policy, Vagabonding Liquidity and Bursting Bubbles in New and Emerging Markets - An Overinvestment View

Schnabl, Gunther; Hoffmann, Andreas - 2021

Credit booms have globally fuelled hikes in stock, raw material and real estate markets which have culminated in the recent US subprime market crisis. We explain the global asset market booms since the mid 1980s based on the overinvestment theories of Hayek, Wicksell and Schumpeter. We argue...

Persistent link: https://www.econbiz.de/10013316825