Mohaddes, Kamiar; Raissi, Mehdi - 2015
-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 …