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On the Sources and Consequences of Oil Price Shocks : The Role of Storage
Unalmis, Deren - 2012
Building on recent work on the role of speculation and inventories in oil markets, we embed a competitive oil storage model within a DSGE model of the U.S. economy. This enables us to formally analyze the impact of a (speculative) storage demand shock and to assess how the effects of various...
Persistent link: https://www.econbiz.de/10014395583
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On the Sources of Oil Price Fluctuations
Unalmis, Deren - 2009
Analyzing macroeconomic impacts of oil price changes requires first to investigate different sources of these changes and their distinct effects. Kilian (2009) analyzes the effects of an oil supply shock, an aggregate demand shock, and a precautionary oil demand shock. The paper''s aim is to...
Persistent link: https://www.econbiz.de/10014402212
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On the sources of oil price fluctuations
Unalmis, Deren; Unalmis, Ibrahim; Unsal, D. Filiz - 2009
Persistent link: https://www.econbiz.de/10003942817
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Taxing fossil fuels under speculative storage
Tumen, Semih; Unalmis, Deren; Unalmis, Ibrahim; Unsal, … - 2014
Persistent link: https://www.econbiz.de/10010479451
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On the sources and consequences of oil price shocks : the role of storage
Unalmis, Deren; Unalmis, Ibrahim; Unsal, D. Filiz - 2012
Building on recent work on the role of speculation and inventories in oil markets, we embed a competitive oil storage model within a DSGE model of the U.S. economy. This enables us to formally analyze the impact of a (speculative) storage demand shock and to assess how the effects of various...
Persistent link: https://www.econbiz.de/10009679009
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On the Sources and Consequences of Oil Price Shocks : The Role of Storage
Unalmis, Deren - 2012
Building on recent work on the role of speculation and inventories in oil markets, we embed a competitive oil storage model within a DSGE model of the U.S. economy. This enables us to formally analyze the impact of a (speculative) storage demand shock and to assess how the effects of various...
Persistent link: https://www.econbiz.de/10013096277
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Taxing fossil fuels under speculative storage
Tumen, Semih; Unalmis, Deren; Unalmis, Ibrahim; Unsal, … - In: Energy economics 53 (2016), pp. 64-75
Persistent link: https://www.econbiz.de/10011660437
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Taxing Fossil Fuels Under Speculative Storage
Tumen, Semih - 2015
This paper investigates the mechanisms through which environmental taxes on fossil fuelusage can affect the main macroeconomic variables in the short-run. We concentrate on aparticular mechanism: speculative storage. The existence of forward-looking speculators inthe model improves the...
Persistent link: https://www.econbiz.de/10013028677
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Taxing Fossil Fuels under Speculative Storage
Tumen, Semih; Unalmis, Deren; Unalmis, Ibrahim; Unsal, … - International Monetary Fund (IMF) - 2014
This paper investigates the mechanisms through which environmental taxes on fossil fuel usage can affect the main macroeconomic variables in the short-run. We concentrate on a particular mechanism: speculative storage. The existence of forward-looking speculators in the model improves the...
Persistent link: https://www.econbiz.de/10011106150
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On the Sources and Consequences of Oil Price Shocks; The Role of Storage
Unalmis, Deren; Unalmis, Ibrahim; Unsal, D. Filiz - International Monetary Fund (IMF) - 2012
Building on recent work on the role of speculation and inventories in oil markets, we embed a competitive oil storage model within a DSGE model of the U.S. economy. This enables us to formally analyze the impact of a (speculative) storage demand shock and to assess how the effects of various...
Persistent link: https://www.econbiz.de/10011242253