the shock. In particular, we find that adverse shocks to Iranian oil output are neutralized in terms of their effects on … contrast, a negative shock to oil supply in Saudi Arabia leads to an immediate and permanent increase in oil prices, given that … supply shock has significant adverse effects for the global economy with real GDP falling in both advanced and emerging …

economicconsequences of a supply-driven oil-price shock are very different from those of an oil-demand shock driven by global economic …-2008 -- Figures -- 1. Persistence Profiles of the Effect of a System-wide Shock to the Cointegrating Relations -- 2. Impact of Oil …

-consequences of a supply-driven oil-price shock are very different from those of an oil-demand shock driven by global economic …