countries/regions over the period 1979Q2–2011Q2, to discriminatebetween supply-driven and demand-driven oil-price shocks and to … economicconsequences of a supply-driven oil-price shock are very different from those of an oil-demand shock driven by global economic …-lived fall in economic activity in response to a supply-driven surge in oil prices, the impact is positive for energy …

of this regional variation is due to differences in housing supply elasticities, household debt overhang, and housing … wealth (volatility). Our analysis indicates that house prices and consumption respond more in supply-inelastic states and in … decisions in supply-inelastic states, where the homeownership rate and price-to-rent ratios decline by more. Our findings stress …

institution’s credit worthiness and the return on its market value, and importantly, on the level and quality of capital … steps taken to increase resilience, notably higher capitalization. Our results suggest increased capital buffers may …

and their distinct effects. Kilian (2009) analyzes the effects of an oil supply shock, an aggregate demand shock, and a …

between shocks to the supply and demand for global liquidity, and isolate their impact on the economy. Our results confirm …

negative credit supply shock applied to SMEs has an adverse effect on economic activity, and this impact is amplified in …

demand shock and to assess how the effects of various demand and supply shocks change in the presence of oil storage facility … supply shocks in driving oil price fluctuations. Our results also confirm that a change in the composition of shocks helps …

permanent oil supply shocks hitting the world economy at an unspecified future date. For modest-sized shocks and conventional …