. Using historical data from 1973 to 2012 and vector autoregression (VAR)-based impulse response functions, we find a positive … and statistically significant response of income inequality to oil rent booms within 4 years of the shock. In addition …

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 …

. We document two new facts using VAR methods. First, a (positive) shock to future TFP generates a significant decline in …, VAR methods also establish a tight link between TFP news shocks and shocks that explain the majority of un …

stress). Working with a VAR framework and a set-identification strategy which focuses on - but it is not limited to … disruptions are found to double the negative output response to an uncertainty shock. We then employ our model to estimate the … overall economic cost of the COVID-19-induced uncertainty shock under different scenarios. Our results point to the …

We identify total factor productivity (TFP) news shocks using standard VAR methodology and document a new stylized fact …

investigate the relationships between separation in cointegration and separation in serial correlation common features. Loosely …

Oil market VAR models have become the standard tool for understanding the evolution of the real price of oil and its … examine alternative oil market VAR models. We help the reader understand why the latter models sometimes generated … supply shocks that have been used as external or internal instruments for VAR models. …