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cause since the 1970s has been from a global oil demand shock. This paper examines whether the macroeconomic responses to a … global oil demand shock are greater than to oil price shocks caused by other oil market factors. Estimating a four … oil demand shock are greater than from other oil market shocks. Policymakers should not necessarily be concerned with the …
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supply shocks have little effect on the ICS, other oil demand shocks such as a precautionary demand shock, for example, have …
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