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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 …
Persistent link: https://www.econbiz.de/10008561072
demand shock and to assess how the effects of various demand and supply shocks change in the presence of oil storage facility …. We find that business-cycle driven oil demand shocks are the most important drivers of U.S. oil price fluctuations during … supply shocks in driving oil price fluctuations. Our results also confirm that a change in the composition of shocks helps …
Persistent link: https://www.econbiz.de/10011242253
permanent oil supply shocks hitting the world economy at an unspecified future date. For modest-sized shocks and conventional …
Persistent link: https://www.econbiz.de/10011242343
framework for economic analysis of demand determinants and supply relationships in an economy of surplus labour supply …
Persistent link: https://www.econbiz.de/10010966017
impact on crop yield, nonfarm employment opportunity and income distribution among peasant farmers, on increased demand for … industrial products and their supply, and on the efficiency of marketing and local level transaction between rural areas and …
Persistent link: https://www.econbiz.de/10010966461
Persistent link: https://www.econbiz.de/10010847150
We obtain the following results. (ii) Both supply and demand shocks are important sources of fluctuations; supply … prevails for GDP, while demand prevails for employment and information. (ii) Policy matters: Both monetary and fiscal policy … implement important systematic countercyclical policies reacting to demand shocks. (iii) Negative demand shocks have a large …
Persistent link: https://www.econbiz.de/10010851335
The article studies internal factors of variance of demand and supply of labour force in the domestic labour market … component in ensuring balance of transactional costs of formation of demand and supply of labour force and reasons of …
Persistent link: https://www.econbiz.de/10010855743
Own- and cross-price production elasticities, estimated in four major agricultural states (California, Iowa, Texas, and Florida), measure the sensitivity to price changes of as many as 25 individual crop and livestock output supplies and six input demands. While most responses were highly...
Persistent link: https://www.econbiz.de/10010879213
production or input. With the use of graphic examples to describe the partial effects of subsidies on supply and demand, the … elasticity for supply and demand of input (the more responsive supply and demand are to changes in the price of the input), the … the use of that particular input; three, for a given demand curve, a shallow supply curve (reflecting a large price …
Persistent link: https://www.econbiz.de/10010881673