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strongest driver of this shift. Much of this impact unfolds through aggregate demand impulse from trade. As fiscal policy … the RoW, but has also gradually drifted away from the G7 in favour of the BRICs. Trade with the BRICs turns out to be the …
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demand shock and to assess how the effects of various demand and supply shocks change in the presence of oil storage facility …. We find that business-cycle driven oil demand shocks are the most important drivers of U.S. oil price fluctuations during …
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This paper, using a six-region DSGE model of the world economy, assesses the GDP and current account implications of permanent oil supply shocks hitting the world economy at an unspecified future date. For modest-sized shocks and conventional production technologies the effects are modest. But...
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are politically unpopular. Through estimation of household demand functions by income quintiles to evaluate the …
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experiments, including fiscal, monetary, financial, demand, supply, and international shocks. …
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