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The aim of this paper is to investigate how major net oil exporter economies react to oil price shocks. We contribute … respect to sign, size and causes of the oil price shocks, as well as the state of the economy in which the shocks occur. We … it divides economic development in two regimes under which we expect the effects of oil price shocks to differ. First, We …
Persistent link: https://www.econbiz.de/10012519959
and inflation dynamics in Europe. Specifically, we include in our specification two separate energy markets (oil and … natural gas) and two target macroeconomic variables, measuring inflation expectations and the realized headline inflation. Our … results demonstrate that, during the last year, inflation in the Euro area is more affected from energy price shocks …
Persistent link: https://www.econbiz.de/10013488601
volatility to estimate the changing spillover of global oil shocks into the Maltese economy during the period that goes from … prices. The results evidence how Great Recession and COVID-19 pandemic are associated with higher inflation responsiveness …. Notwithstanding, the response of energy inflation gradually declines and, as a consequence, the medium-term pass-through from …
Persistent link: https://www.econbiz.de/10014380679
inflation, especially in the short term. However, in order to strengthen the economy's resilience to oil-price shocks, the paper …This paper aims to examine the impacts of oil-price shocks on China's price levels. To that end, we develop a partial …-through mechanism during oil-price shocks. Using the models of both China and the U.S., we separate the impact of price control from …
Persistent link: https://www.econbiz.de/10008934659
We study the effects of crude oil price shocks on the stock market volatility of the G7 economies. We rely on a … structural VAR model to identify the causes underlying the oil price shocks and gauge the differential impact that oil supply and … oil demand innovations have on financial volatility. We show that stock market volatility does not respond to oil supply …
Persistent link: https://www.econbiz.de/10011438638
Climate change has inspired the interest of the academic community in the most diverse areas of knowledge. This study tests and revisits the environmental Kuznets curve assumptions for Portugal. The econometric strategy used in this research is time series (ARIMA model, OLS estimator, ARCH...
Persistent link: https://www.econbiz.de/10011824179
This paper studies the role of differences in the patterns of production and international trade on the business cycle volatility of emerging and developed economies. We study a multi-sector small open economy in which firms produce and trade commodities and manufactures. We estimate the model...
Persistent link: https://www.econbiz.de/10011911446
Persistent link: https://www.econbiz.de/10003299063
HICP inflation seems to be largely driven by the goods component while ERPT to services prices is largely insignificant …
Persistent link: https://www.econbiz.de/10012604346
of past experience and international best practices. It confirms that food inflation has been the driver of domestic … inflation. The paper studies the recommendations of the Urjit Patel Committee and comments that monetary policies predominantly … focussed on inflation targeting may not necessarily be effective in India where inflation and inflationary expectations …
Persistent link: https://www.econbiz.de/10010404663