-currency pricing (PCP) and local-currency pricing (LCP). In the model, under DCP the output spillovers from shocks that appreciate the … prediction from DCP the output spillovers from US dollar appreciation correlate negatively with recipient economies’ export …

business cycle features for each country. Third, the introduction of different oil shock specifications is never rejected …. Fourth, positive oil price changes, net oil price increases and oil price volatility are the oil shock definitions which …

setting– to explore the extent and consequences of total and directional volatility spillovers across variables and countries …. Besides, by exploring time-varying connectedness (resulting from country-specific shocks), we find that volatility spillovers …

based on the features of the Ghanaian Economy. We then examined the persistent effects of world oil price and monetary … policy shocks (money supply-interest rate induced) on economic growth in Ghana. We realized that, a shock on interest rate … paradoxical effect of a negative interest rate on total money supply. We also showed that a positive output shock has the same …