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On the Sources and Consequences of Oil Price Shocks : The Role of Storage
Unalmis, Deren - 2012
Building on recent work on the role of speculation and inventories in oil markets, we embed a competitive oil storage model within a DSGE model of the U.S. economy. This enables us to formally analyze the impact of a (speculative) storage demand shock and to assess how the effects of various...
Persistent link: https://www.econbiz.de/10014395583
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On the Sources of Oil Price Fluctuations
Unalmis, Deren - 2009
Analyzing macroeconomic impacts of oil price changes requires first to investigate different sources of these changes and their distinct effects. Kilian (2009) analyzes the effects of an oil supply shock, an aggregate demand shock, and a precautionary oil demand shock. The paper''s aim is to...
Persistent link: https://www.econbiz.de/10014402212
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On the sources of oil price fluctuations
Unalmis, Deren; Unalmis, Ibrahim; Unsal, D. Filiz - 2009
Persistent link: https://www.econbiz.de/10003942817
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On the sources and consequences of oil price shocks : the role of storage
Unalmis, Deren; Unalmis, Ibrahim; Unsal, D. Filiz - 2012
Building on recent work on the role of speculation and inventories in oil markets, we embed a competitive oil storage model within a DSGE model of the U.S. economy. This enables us to formally analyze the impact of a (speculative) storage demand shock and to assess how the effects of various...
Persistent link: https://www.econbiz.de/10009679009
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On the Sources of Oil Price Fluctuations
Unalmis, Deren - 2010
Analyzing macroeconomic impacts of oil price changes requires first to investigate different sources of these changes and their distinct effects. Kilian (2009) analyzes the effects of an oil supply shock, an aggregate demand shock, and a precautionary oil demand shock. The paper's aim is to...
Persistent link: https://www.econbiz.de/10013149459
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On the Sources of Oil Price Fluctuations
Unalmis, Deren - 2009
Analyzing macroeconomic impacts of oil price changes requires first to investigate different sources of these changes and their distinct effects. Kilian (2009) analyzes the effects of an oil supply shock, an aggregate demand shock, and a precautionary oil demand shock. The paper's aim is to...
Persistent link: https://www.econbiz.de/10012677522
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Oil price shocks, macroeconomic stability and welfare in a small open economy
Unalmis, Deren (contributor); Unalmis, Ibrahim (contributor) - 2008
Persistent link: https://www.econbiz.de/10003741175
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On oil price shocks : the role of storage
Unalmis, Deren; Unalmis, Ibrahim; Unsal, Derya Filiz - In: IMF economic review 60 (2012) 4, pp. 505-532
Persistent link: https://www.econbiz.de/10009683322
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Oil Price Shocks, Macroeconomics Stability and Welfare in a Small Open Economy
Unalmis, Deren; Unalmis, Ibrahim; Unsal, Derya Filiz - Department of Economics and Related Studies, University … - 2008
Since the beginning of 2000s the world economy has witnessed a sub-stantial increase in oil prices, which is seen to be an important source of economic fluctuations, causing high inflation, unemployment and low or negative growth rates. Recent experience, however, has not validated this view....
Persistent link: https://www.econbiz.de/10005523932
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Oil Price Shocks, Macroeconomic Stability and Welfare in a Small Open Economy
Unalmis, Deren; Unalmis, Ibrahim; Unsal, Derya Filiz - Türkiye Cumhuriyet Merkez Bankası - 2008
Since the beginning of 2000s the world economy has witnessed a substantial increase in oil prices, which is seen to be an important source of economic fluctuations, causing high inflation, unemployment and low or negative growth rates. Recent experience, however, has not validated this view....
Persistent link: https://www.econbiz.de/10005667275