-identification of the U.S. oil supply shock is achieved through imposing dynamic sign restrictions on the impulse responses of the model …. The results show that there are considerable heterogeneities in the responses of different countries to a U.S. supply …-driven oil price shock, with real GDP increasing in both advanced and emerging market oil-importing economies, output declining …

The paper estimates export demand elasticities for a large number of developing and developed countries, using time …

options for reducing fossil fuel use in India. Among the most effective options is ramping up the existing coal tax. Annually … increasing the tax by INR 150 (USD 2.25) per ton of coal from 2017 to 2030 avoids over 270,000 air pollution deaths, raises …

estimations of aggregate consumption and corporate investment show that private domestic demand is likely to remain robust with …

. This flight from quality was triggered by a fall in aggregate demand, was more acute when households could substitute …

risk shocks have an important impact on world economic activity, with the busts in world output gap corresponding to … particular the price of oil, are shown to be demand driven. The model performs well at one- and four-quarter horizons compared to … the world output gap, country output gaps, the price of oil, and country risk premiums. The importance of systemic risk …