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Persistent link: https://www.econbiz.de/10015125588
-region DSGE model (UnitedStates, OPEC, rest-of-world) in corporating two sectors (manufacturing and services) in the oil …-importing economies and featuring cross-border manufacturing supply chains, oil inventories as well as endogenous oil supply, such shocks … manufacturing output and services provision. Given positive manufacturing technology shocks, oil demand and demand for intermediate …
Persistent link: https://www.econbiz.de/10012322376
financial activity shocks disentangled from demand and oil supply shocks using sign restrictions. We obtain the following main … primarily through fundamental (supply and demand) channels rather than through financial activity. -- Oil prices ; monetary …
Persistent link: https://www.econbiz.de/10009682077
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display that price, demand, and labor supply shocks affect unemployment significantly in the short/medium run. Interestingly … relationships, interpreted as a labor demand and a wage setting scheme. Secondly, a structural VAR model is identified using the …
Persistent link: https://www.econbiz.de/10013428423
traditional uncertainty shock into its supply-side and demand-side components. Following the approach by Piffer and Podstawski … estimate Bayesian Vector Autoregression (BVAR) models to identify supply-side and demand-side uncertainty shocks. Our findings … evidence suggesting that despite an increase in gold prices, supply-side uncertainty shocks (e.g. armed conflicts or natural …
Persistent link: https://www.econbiz.de/10015410353
by aggregate demand-side shocks, compared to supply-side ones, have higher positive and persistent effects on the … stock returns for a wide range of net oil-importing and oil-exporting countries. We find that precautionary demand followed … conditional variances of stock returns for all countries. Moreover, we show that precautionary demand shocks, unlike the other …
Persistent link: https://www.econbiz.de/10011903691
Empirical evidence indicates that high oil price volatility has a dampening effect on output in countries that import commodities. Many countries, however, gain important revenues from commodity exports. This paper investigates the output effects of commodity price volatility in commodity...
Persistent link: https://www.econbiz.de/10011346638
This paper investigates how the ordering of variables affects properties of the time-varying covariance matrix in the Cholesky multivariate stochastic volatility model.It establishes that systematically different dynamic restrictions are imposed whenthe ratio of volatilities is time-varying....
Persistent link: https://www.econbiz.de/10012250452