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Oil consumption subsidy removal in OPEC and other Non-OECD countries : oil market impacts and welfare effects

Aune, Finn Roar; Grimsrud, Kristine M.; Lindholt, Lars; … - In: Energy economics 68 (2017), pp. 395-409

Persistent link: https://www.econbiz.de/10011905995

OPEC at 60 : the world with and without OPEC

Economou, Andreas; Fattouh, Bassam - In: OPEC energy review 45 (2021) 1, pp. 3-28

Persistent link: https://www.econbiz.de/10013343308

Anticipated and unanticipated oil price shocks and optimal monetary policy

Wohltmann, Hans-Werner (contributor); … - 2008

This paper studies the welfare effects of severalmonetary policy rules in the presence of anticipated and unanticipated oil price shocks. Our analysis is based on a stylized New Keynesian model of a small open economy. Our main findings are the following: i) Standard interest rate rules amplify...

Persistent link: https://www.econbiz.de/10003649907

On the non-optimality of information : an analysis of the welfare effects of anticipated shocks in the New Keynesian model

Wohltmann, Hans-Werner; Winkler, Roland - 2009

anticipation of a future cost-push shock leads to a higher welfare loss than an unanticipated shock. A welfare gain from the … anticipation of a future cost shock may only occur if prices are sufficiently flexible. We show analytically that this result holds …