This paper examines the relationship between monetary policy and oil prices within a world oil demand and supply model … rates is a two-way relationship that depends on the type of oil shock. During a supply shock, rising oil prices caused … interest rates to increase; whereas during a demand shock, falling interest rates caused oil prices to rise. Record low …

and their distinct effects. Kilian (2009) analyzes the effects of an oil supply shock, an aggregate demand shock, and a … precautionary oil demand shock. The paper''s aim is to model macroeconomic consequences of these shocks within a new Keynesian DSGE … framework. It models a small open economy and the rest of the world together to discover both accompanying effects of oil price …

four quarters after the shock). We then re-examine the effects of low oil prices on the U.S. economy over different sub …

minimum electricity consumption is around 14.6 degree C for the world and it is higher in urban and more industrial areas; and …Past studies on the relationship between electricity consumption and temperature have primarily focused on individual …, overcoming the data constraint by using grid-level night light and temperature data. Mostly generated by electricity and recorded …