a new Keynesian dynamic stochastic general equilibrium (DSGE) model to study how an oil price shock impact macroeconomic … aggregates in an oil-rich emerging economy. We consider a positive oil price shock to uncover the extent to which oil price … oil price shock, reveal evidence of Dutch disease and the operation of the Harrod-Balassa-Samuelson effect. We find a …

subsequent recovery in the US. The Great Recession was mainly caused by a large demand shock and by the ZLB on the interest rate …

trade result in an asymmetric reaction to an otherwise symmetric shock. In this context, we show that oil price shocks can …

trade result in an asymmetric reaction to an otherwise symmetric shock. In this context, we show that oil price shocks can … verstärken können. Ölpreisschwankungen und eine auf den Ölpreis reagierende, zunehmend kontraktive Geldpolitik, können auch eine … asymmetrischen Reaktion auf einen ansonsten symmetrischen Schock. In diesem Zusammenhang zeigen wir, dass Ölpreisschocks langfristige …

trade result in an asymmetric reaction to an otherwise symmetric shock. In this context, we show that oil price shocks can …

trade result in an asymmetric reaction to an otherwise symmetric shock. In this context, we show that oil price shocks can …

Epstein-Zin preferences to study the volatility implications of a monetary policy shock. An unexpected increases in the policy … volatility effects of the shock are driven by agents' concern about the (in)ability of the monetary authority to reverse …