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Oil Price Shocks, Fuel Subsidies and Macroeconomic (In)stability in Nigeria

Omotosho, Babatunde S. - 2021

This paper studies the macroeconomic implications of oil price shocks and the extant fuel subsidy regime for Nigeria … rate depreciates more in the short-run. Counterfactual simulations also reveal that fuel subsidy removal leads to higher …, this study cautions that a successful fuel subsidy reform must necessarily encompass the deployment of well-targeted safety …

Persistent link: https://www.econbiz.de/10013240450

Oil Windfalls in Ghana : A DSGE Approach

Dagher, Jihad - 2010

We use a calibrated multi-sector DSGE model to analyze the likely impact of oil windfalls on the Ghanaian economy, under alternative fiscal and monetary policy responses. We distinguish between the short-run impact, associated with demand-related pressures, and the medium run impact on...

Persistent link: https://www.econbiz.de/10014402869

The 2014–16 oil price collapse in retrospect sources and implications

Stocker, Marc; Baffes, John; Some, Y. Modeste; Vorisek, Dana - 2018

With the benefit of hindsight, this paper provides a fresh and comprehensive look at the causes of the 2014-16 collapse in oil prices and its impact on the global economy. It disentangles the contribution of supply and demand factors, assesses the impact on activity in oil exporters and oil...

Persistent link: https://www.econbiz.de/10011866289

Oil price shocks and macroeconomic dynamics in an oil-exporting emerging economy : a New Keynesian DSGE approach

Oladunni, Sunday - In: CBN journal of applied statistics 11 (2020) 1, pp. 1-34

The global oil dynamics has significant implications for both oil exporting and importing small open economies. However, much of the literature on oil shocks is oriented towards advanced oil-importing economies. Micro-founded studies that explore the effects of oil shocks from the standpoint of...

Persistent link: https://www.econbiz.de/10012297450

Monetary policy and the oil market

Yoshino, Naoyuki (ed.); Taghizadeh-Hesary, Farhad (ed.) - Asian Development Bank Institute - 2016

While oil price fluctuations in the past can be explained by pure supply factors, this book argues that it is monetary policy that plays a significant role in setting global oil prices. It is a key factor often neglected in much of the earlier literature on the determinants of asset prices,...

Persistent link: https://www.econbiz.de/10011378547

Monetary Policy and the Oil Market

Yoshino, Naoyuki (ed.); Taghizadeh-Hesary, Farhad (ed.) - 2016 - 1st ed. 2016

1 Introductory Remarks: What’s behind the Recent Oil Price Drop? Naoyuki Yoshino and Farhad Taghizadeh-Hesary -- 2 Impact of Expansionary Monetary Policy on Crude Oil Prices Farhad Taghizadeh-Hesary and Naoyuki Yoshino -- 3 Which Side of the Economy Is Affected More by Oil Prices: Supply or...

Persistent link: https://www.econbiz.de/10014019323

Does monetary policy respond differently to oil price shocks? : new evidence from the Gulf Cooperation Council countries

Al-Hashel, Mohammad; Alrashidi, Atef; Saidi, Youssef - 2024

Persistent link: https://www.econbiz.de/10015064671

Oil price shocks in real time

Gazzani, Andrea; Venditti, Fabrizio; Veronese, Giovanni - In: Journal of monetary economics 144 (2024), pp. 1-15

Persistent link: https://www.econbiz.de/10015071242

Sectoral output responses to trade openness, oil price and policy shocks in Nigeria : a CVAR approach

Saibu, M. O. - 2011

output response to policy shocks in Nigeria. A CVAR model was specified to assess the effects of policy shocks on real … economic version of policy ineffectiveness proposition of the New classical macroeconomic in Nigeria. …

Persistent link: https://www.econbiz.de/10009509818

Monetary policy response to the emerging oil price shock in Nigeria

Ekpo, Akpan Hogan; Omotor, Douglason Godwin; Omoruyi, Sam - In: The Nigerian journal of economic and social studies 58 (2016) 3, pp. 437-459

Persistent link: https://www.econbiz.de/10011983574

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