Recent years, there have been increasing interests in effects of oil shocks on economy. However, much researches up to now are mostly restricted in comparisons among regional economies, intermediate transmissions of oil price shocks on economy are almost ignored. Applying Bayesian vector...

As the uncertainty of oil price increases, impacts of the influential factors on oil price vary over time. It is of great importance to explore the core factors and its time-varying influence on oil price. In view of this, based on the PATH-ANALYSIS model, this paper obtains the core factors,...