The association between oil prices and inflation has remained an intriguing issue for media, academic as well as policy enquiry. Against this backdrop, we perform the frequency-domain causality test to investigate whether the growth rate of oil prices has predictive content for inflation in...

This paper investigates the existence of significant spillovers from the housing sector onto the wider economy for the seven major OECD countries using Uhlig's (2005) agnostic identification procedure. This method allows identifying a housing demand shock in a six-variable VAR model by imposing...

The Feldstein-Horioka (FH) puzzle, that is the strong correlation between saving and investment in a world where obstacles to capital mobility are limited, has been studied extensively since it was exposed in 1980. Even though the theoretical and empirical literature has examined many of its...

This paper investigates the causal relationship between asset prices and per capita output across 50 US states and the District of Columbia over 1975 to 2012. A bootstrap panel Granger causality approach is applied on a trivariate VAR comprising of real house prices, real stock prices and real...

Following the 2007-2009 global recession, economic policy uncertainty and its effect on economic recovery has become an issue of interest in academic, media as well as policy-making circles (Baker et al., 2013). Given this backdrop, we investigate causality between economic policy uncertainty in...

This paper examines the causal relationship between oil consumption and economic growth in the BRICS countries using annual data from 1985 to 2011. We employ a bootstrap panel causality approach based on meta-analysis in heterogeneous mixed panels which accounts for both cross sectional...

This paper re-examines the nature of the causality between natural gas consumption and economic growth in G-7 countries using a Granger causality procedure based on meta-analysis in heterogeneous mixed panels which takes into account cross-sectional dependence and heterogeneity across countries....

This paper examines the causal relationship between renewable energy consumption and economic growth for the G7 countries using annual data from 1990 to 2011. We implement a bootstrap panel causality procedure which allows us to circumvent the data limitation while accounting for the...

This paper analyses the causal linkages between nuclear energy consumption and economic growth for a panel of six developed countries including Canada, France, Germany, Japan, the UK and the US. Using annual data from 1971 to 2011, a Granger causality procedure based on meta-analysis in...

This paper empirically analyses the causal linkages between coal consumption and economic growth in the BRICS countries using annual data from 1985 to 2009. We apply a panel causality methodology that accounts for both cross-section dependence and heterogeneity across countries. Empirical...