the New Keynesian Phillips Curve (NKPC), taking oil price shock as a variable of interest, and introducing variables such … as lagged inflation expectations, inflation rate, GDP and EPU, we find that the positive impact of oil price shock on U …. There is also sufficient evidence that oil price shock has asymmetric effects on inflation expectations in both countries …

accelerator model, time varying risk shocks, and a zero lower bound on the nominal interest rate. The amplification mechanism … results from a portfolio re-balancing from households, who reduce capital investment in favor of risk-free bonds. Consequently …

uncertainty shock with respect to economies with stricter regulations. Using additional labor ow data from Germany, France and UK …