The recent prominence of global tectonics has been as spectacular as it has been promissory of ramifications throughout established geological thought. The academic concepts of tectonics --continental drift, sea-floor spread, the definition of the major tectonic plates of the world, to cite only...

This paper investigates the global macroeconomic consequences of country-specific oil-supply shocks. Our contribution is both theoretical and empirical. On the theoretical side, we develop a model for the global oil market and integrate this within a compact quarterly model of the global economy...

This paper investigates the global macroeconomic consequences of country-specific oil-supply shocks. Our contribution is both theoretical and empirical. On the theoretical side, we develop a model for the global oil market and integrate this within a compact quarterly model of the global economy...