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-identification of the U.S. oil supply shock is achieved through imposing dynamic sign restrictions on the impulse responses of the model …. The results show that there are considerable heterogeneities in the responses of different countries to a U.S. supply …
Persistent link: https://www.econbiz.de/10012970152
-identification of the U.S. oil supply shock is achieved through imposing dynamic sign restrictions on the impulse responses of the model …. The results show that there are considerable heterogeneities in the responses of different countries to a U.S. supply …
Persistent link: https://www.econbiz.de/10011445835
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We investigate how oil supply shocks are transmitted to U.S. economic activity, consumer prices, and interest rates …. Using a structural VAR approach with a combination of sign and zero restrictions, we distinguish between supply and demand … supply shocks are transmitted mainly through the demand side, as both output and interest rates react more strongly to oil …
Persistent link: https://www.econbiz.de/10012009877
We study how credit supply shocks in the US, the euro area and Japan are transmitted to other economies. We use the … effect of reducing credit supply to the private sector. We find that negative US credit supply shocks have stronger negative … effects on domestic and foreign GDP, compared to credit supply shocks from the euro area and Japan. Domestic and foreign …
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disaggregation of world oil supply and of the recent extraordinary surge in the U.S. oil production for analysing impact on U …Kilian and Park (IER 50 (2009), 1267-287) find shocks to oil supply are relatively unimportant to understanding changes … in U.S. stock returns. We examine the impact of both U.S. and non-U.S. oil supply shocks on U.S. stock returns in light …
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