economic activity and on petroleum consumption in most regions, while shocks to the price of crude oil and petroleum have … results suggest that shocks to the cost of shipping petroleum commodities have a particularly severe negative impact on real …

economic activity and on petroleum consumption in most regions, while shocks to the price of crude oil and petroleum have … results suggest that shocks to the cost of shipping petroleum commodities have a particularly severe negative impact on real …

their impact on real economic activity. The paper proposes a simple two-country model with a core and a periphery economy … when studying the impact of uncertainty on real economic activity. …