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On the Sources of Oil Price Fluctuations

Unalmis, Deren - 2009

precautionary oil demand shock. The paper's aim is to model macroeconomic consequences of these shocks within a new Keynesian DSGE … and their distinct effects. Kilian (2009) analyzes the effects of an oil supply shock, an aggregate demand shock, and a …

Persistent link: https://www.econbiz.de/10012677522

Optimal Monetary and Fiscal Policy with Limited Asset Market Participation

Stehn, Sven Jari - 2009

This paper characterises the jointly optimal monetary and fiscal stabilisation policy in a new Keynesian model that allows for consumers who lacking access to asset markets consume their disposable income each period. With full asset market participation, the optimal policy relies entirely on...

Persistent link: https://www.econbiz.de/10012677807

On the sources and consequences of oil price shocks : the role of storage

Unalmis, Deren; Unalmis, Ibrahim; Unsal, D. Filiz - 2012

model within a DSGE model of the U.S. economy. This enables us to formally analyze the impact of a (speculative) storage … demand shock and to assess how the effects of various demand and supply shocks change in the presence of oil storage facility …

Persistent link: https://www.econbiz.de/10009679009

What (really) accounts for the fall in hours after a technology shock?

Rebei, Nooman - 2012

The paper asks how state of the art DSGE models that account for the conditional response of hours following a positive … neutral technology shock compare in a marginal likelihood race. To that end we construct and estimate several competing small …-scale DSGE models that extend the standard real business cycle model. In particular, we identify from the literature six …

Persistent link: https://www.econbiz.de/10009621642

Sub-Saharan Africa's Integration in the Global Financial Markets

Deléchat, Corinne - 2009

The paper uses a unique database covering 44 countries in sub-Saharan Africa (SSA) countries between 2000 and 2007 to study the determinants of the allocation and composition of flows across countries, as well as channels through which private capital flows could affect growth. In our sample,...

Persistent link: https://www.econbiz.de/10012677784

Regional Financial Integration in the Caribbean

Kwon, Goohoon - 2009

This paper assesses the extent of regional financial integration in the Caribbean Community (CARICOM) by analyzing equity prices in the region and rigidity of external financing constraints. The results are presented in a cross-regional perspective. The Caribbean stock markets are not as well...

Persistent link: https://www.econbiz.de/10012677806

Financial Integration and Risk-Adjusted Growth Opportunities

Ivaschenko, Iryna V. - 2008

This paper documents the evolution of measures of financial integration for major advanced and emerging markets economies, assesses whether advances in integration have had a significant positive impact on countries' risk-adjusted growth opportunities, and identifies some of the channels through...

Persistent link: https://www.econbiz.de/10012677595

Financial Integration: A New Methodology and an Illustration

Flood, Robert P. - 2004

Persistent link: https://www.econbiz.de/10014275662

Financial Integration in the West African Economic and Monetary Union.

Sy, Amadou N. R - 2006

Persistent link: https://www.econbiz.de/10012691003

Inflation Pressures and Monetary Policy Options in Emerging and Developing Countries-A Cross Regional Perspective

Ötker, Inci - 2009

This paper analyzes the monetary policy response to rising inflation in emerging and developing countries associated with the food and oil price shocks in 2007 and the first half of 2008. It reviews inflation developments in a sample of countries covering all regions and a broad range of...

Persistent link: https://www.econbiz.de/10012677694

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