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Country-specific oil supply shocks and the global economy : a counterfactual analysis
Mohaddes, Kamiar; Pesaran, M. Hashem - 2015
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...
Persistent link: https://www.econbiz.de/10010528313
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Diverging Dynamics of Global Oil Market Volatilities : A Generalized Structural Analysis
Liu, Xiaochun; Harrison, Andre; Stewart, Shamar - 2022
The global oil market has experienced a steady decline in oil production volatility and a concurrent increase in the volatility of real oil prices since the mid-1980s. To study the underlying causes of the diverging volatility dynamics, we estimate a generalized time varying SVAR model that...
Persistent link: https://www.econbiz.de/10013290858
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Impact of Crude Oil Price on the Political Environment of Crude Oil Consuming Countries
Palaniappan Shanmugam, Velmurugan - 2020
The paper examines the crude oil price effects on the political environment of the top four crude oil-consuming countries. The study uses data from 2002 to 2017 to showcase the effect of crude oil price on political environment of crude oil-consuming countries. The study takes Voice and...
Persistent link: https://www.econbiz.de/10012828449
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Oil prices and the global economy : is it different this time around?
Mohaddes, Kamiar; Pesaran, M. Hashem - 2016
The recent plunge in oil prices has brought into question the generally accepted view that lower oil prices are good for the US and the global economy. In this paper, using a quarterly multi-country econometric model, we first show that a fall in oil prices tends relatively quickly to lower...
Persistent link: https://www.econbiz.de/10011502542
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Responses to World Oil and Coal Shocks, in a Short Run Fuel Substitution Tax Model
Hall, Viv - 2010
world oil and black coal prices. The illustrative numerical results have been produced with the short-run fuel substitution … revenue to petroleum products excise revenue. Empirical results show that combined world oil and coal price shocks lead to … as Australia, is that particular attention has to be paid to the interdependence of world energy market, both when …
Persistent link: https://www.econbiz.de/10014199103
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Determinants of international reserves among Organisation of Petroleum Exporting Countries (OPEC)
Bada, Oladejo Tokunbo; Adetiloye, Kehinde Adekunle; … - In: Comparative economic research : Central and Eastern Europe 25 (2022) 3, pp. 111-133
Member countries of the Organisation of Petroleum Exporting Countries (OPEC) are always in the news regarding the prices and supply of crude oil to the international market. One of the economic reasons for this is liquidity and the desire to accumulate international reserves by the respective...
Persistent link: https://www.econbiz.de/10013407466
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Coping with Falling Oil Prices : The Different Fortunes of African Banks
Gueye, Cheikh Anta - 2019
This paper studies the impact of declining oil prices on banks in sub-Saharan African oil-exporting countries. Results indicate that banks respond differently to an oil shock depending on their ownership: (i) domestic banks are the most adversely impacted and experience a deterioration in asset...
Persistent link: https://www.econbiz.de/10012866905
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The COVID-19 Pandemic : Conceptual Model for the Global Economic Impacts and Recovery
Ali, Md. Jafor - 2020
Persistent link: https://www.econbiz.de/10012827871
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Oil price shocks and macroeconomic dynamics in an oil-exporting emerging economy : a New Keynesian DSGE approach
Oladunni, Sunday - In: CBN journal of applied statistics 11 (2020) 1, pp. 1-34
The global oil dynamics has significant implications for both oil exporting and importing small open economies. However, much of the literature on oil shocks is oriented towards advanced oil-importing economies. Micro-founded studies that explore the effects of oil shocks from the standpoint of...
Persistent link: https://www.econbiz.de/10012297450
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Asset Arbitrage and the Price of Oil
Arora, Vipin - 2011
It is commonly understood that macroeconomic shocks influence commodity prices and that one channel for this is the link between interest rates, expected future asset returns and stockholding. In this paper the link is extended to the petroleum market with the recognition that recorded stocks of...
Persistent link: https://www.econbiz.de/10013122932