This paper empirically examines the impact of oil price levels and volatility on key macroeconomic indicators of … for their different macroeconomic impacts. The relationships between oil price levels, the two volatility measurements … Indonesia. In particular, two measures of volatility – historical volatility and realized volatility – are utilized and compared …

capital-scarce resource exporter. I show that capital-scarce countries should still establish a Volatility Fund, but it should … a Volatility Fund quickly, then leave it alone; and iii) Invest to stabilise the real exchange rate.The remaining four … apply to capital-scarce countries: iv) Finance consumption and investment with oil; v) Use a temporary Parking Fund to …

We propose a model to estimate the price volatility in of the Mexican Export Crude Oil Blend. The analysis relies on … the conditional standard deviations obtained from a GARCH model. Data includes diary oil prices between January 2nd, 1998 … and February 14th, 2007. The chosen model is of the GARCH (1,1) type. Asymmetric volatility effects are not detected …

have industry-wide effects. Using a sample of G7 countries we examine whether uncertainty about a prominent commodity – oil … predictions of real options theory – uncertainty about oil prices has had a negative and significant effect on manufacturing …

The paper presents and estimates a model of the prices of oil and other storable commodities, a model that can be …