This study analyses the implications of oil prices shocks for the BRICS economies. We employed a time-varying structural vector autoregressive (TV-SVA) framework in which the sources of time variation are the coefficients and variance-covariance matrix of the innovations. The quarter frequency...

This study is an endeavour to analyse the influence of oil price shocks on the macroeconomy of the Gulf Cooperation Council(GCC) member countries (Bahrain, Kuwait, KSA, Oman, Qatar and UAE). By employing a structural Vector auto-regression(SVAR) model for period 1980–2016, our key findings...

The present study deals with the nexus between oil price and Russia’s real exchange rate along different econometric methods (ARDL bounds testing approach, wavelet coherency and frequency domain through Breitung and Candelon’s (2006) technique). The obtained findings are highly suggestive of...