-consequences of a supply-driven oil-price shock are very different from those of an oil-demand shock driven by global economic … countries/regions over the period 1979-2011Q2, to discriminate - between supply-driven and demand-driven oil-price shocks and to …-exporting countries that possess large proven oil/gas reserves. However, in response to an oil-demand disturbance, almost all countries in …

and permanent shocks on oil demand and supply as well as speculative disturbances. We find evidence of significant …

Stock markets play a key role in corporate financing in Asia. However, despite their increasing importance in terms of … theory, as well as accounting literature, we find evidence of greater idiosyncratic influences in the pricing of Asia's stock … stock pricing, which suggests that improvements in the regulation of securities markets in Asia could enhance the role of …

are major sources and major recipients of shocks? Has there been a shift in terms of the net shock givers and shock …

-identification of the U.S. oil supply shock is achieved through imposing dynamic sign restrictions on the impulse responses of the model …-driven oil price shock, with real GDP increasing in both advanced and emerging market oil-importing economies, output declining …

output, aggregate demand, and inflation to an increase in commodity price are magnified when these rules are imperfectly …