Similar Search Results

Foreign Prices Shocks in a Small Open Economy

Gestsson, Marias Halldor - 2008

welfare improving demand management policy following a terms of trade shock …

Persistent link: https://www.econbiz.de/10012724130

Lags, Costs, and Shocks : An Equilibrium Model of the Oil Industry

Bornstein, Gideon - 2017

We use a new micro data set that covers all oil fields in the world to estimate a stochastic industry-equilibrium model of the oil industry with two alternative market structures. In the first, all firms are competitive. In the second, OPEC firms act as a cartel. This effort is a first step...

Persistent link: https://www.econbiz.de/10012955791

Extractive Industries, Price Shocks and Criminality

Axbard, Sebastian - 2019

A large literature has highlighted the potential detrimental effects of natural resource wealth on social, economic and political outcomes. We study a previously largely unexplored relationship --- the impact of natural resource wealth on criminal activity. Our empirical strategy exploits price...

Persistent link: https://www.econbiz.de/10012902670

Portfolio Diversification and Oil Price Shocks : A Sector Wide Analysis

Ali, Mohsin - 2019

This paper investigates the time-varying relationship between the oil price and disaggregated stock market of India using dynamic conditional correlation multivariate GARCH and continuous wavelet transformation modelling approaches. Our findings reveal the evolving relationship between the oil...

Persistent link: https://www.econbiz.de/10012888880

Uncertainty and Sign-Dependent Effects of Oil Market Shocks

Nguyen, Bao - 2019

This paper investigates the oil market reaction to its fundamental shocks: supply, aggregate demand and oil-specific demand in different regimes characterised by high versus low uncertainty in the market. We do so by first proposing a novel oil uncertainty index that is measured by the...

Persistent link: https://www.econbiz.de/10012893587

Oil Price Fluctuations and the Small Open Economies of Southeast Asia : An Analysis Using Vector Autoregression with Block Exogeneity

Vu, Tuan Khai - 2019

We use a vector autoregressive model with block exogeneity to study the macroeconomic effects of oil price fluctuations for six small open economies in Southeast Asia. Our method has an advantage over those used in the literature in that it allows us to focus on the effects of oil shocks while...

Persistent link: https://www.econbiz.de/10012861977

R&D Shocks, News Shocks, and Price Levels

Jinnai, Ryo - 2014

This paper proposes a structural explanation for a news shock. My hypothesis is that a surprise, research and … development sector-specific productivity shock may be identified and labeled as news by prominent empirical research in the … shock, and I apply identification methods proposed in the literature to the simulated data. I find evidence supporting that …

Persistent link: https://www.econbiz.de/10013053771

Commodity Price Shocks and Imperfectly Credible Macroeconomic Policies in Commodity-Exporting Small Open Economies

Medina Guzman, Juan Pablo - 2014

In this paper, we analyze how lack of credibility and transparency of monetary and fiscal policies undermines the effectiveness of macroeconomic policies to isolate the economy from commodity price fluctuations. We develop a general equilibrium model for a commodity-exporting economy where macro...

Persistent link: https://www.econbiz.de/10013057311

Charging the macroeconomy with an energy sector : an agent-based model

Ciola, Emanuele; Turco, Enrico; Gurgone, Andrea; … - 2022

subsequent impact on the relative energy price, which varies depending on the type of shock. Our results suggest that, in order …

Persistent link: https://www.econbiz.de/10012990154

Remittances, Prices, Shocks, and Market Frictions

Viné, Rémi - 2021

In this paper, I attempt to understand the mechanisms underlying the price of remittances. I do so by using a cross-country analysis over the 2010s. More specifically, this paper highlights how the remittances service providers adjust to a change in the demand for remittances. To address...

Persistent link: https://www.econbiz.de/10013238916