Uncertainty and Sign-dependent Effects of Oil Market Shocks - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Uncertainty and Sign-dependent Effects of Oil Market Shocks write by Bao Hoang Nguyen. This book was released on 2019. Uncertainty and Sign-dependent Effects of Oil Market Shocks available in PDF, EPUB and Kindle.
Uncertainty-dependent and Sign-dependent Effects of Oil Market Shocks
Uncertainty-dependent and Sign-dependent Effects of Oil Market Shocks - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Uncertainty-dependent and Sign-dependent Effects of Oil Market Shocks write by Bao Hoang Nguyen. This book was released on 2019. Uncertainty-dependent and Sign-dependent Effects of Oil Market Shocks available in PDF, EPUB and Kindle.
Oil Price Uncertainty
Oil Price Uncertainty - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Oil Price Uncertainty write by Apostolos Serletis. This book was released on 2012. Oil Price Uncertainty available in PDF, EPUB and Kindle. The relationship between the price of oil and the level of economic activity is a fundamental issue in macroeconomics. There is an ongoing debate in the literature about whether positive oil price shocks cause recessions in the United States (and other oil-importing countries), and although there exists a vast empirical literature that investigates the effects of oil price shocks, there are relatively few studies that investigate the direct effects of uncertainty about oil prices on the real economy. The book uses recent advances in macroeconomics and financial economics to investigate the effects of oil price shocks and uncertainty about the price of oil on the level of economic activity.
Oil Price Shocks and Policy Uncertainty
Oil Price Shocks and Policy Uncertainty - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Oil Price Shocks and Policy Uncertainty write by Wensheng Kang. This book was released on 2017. Oil Price Shocks and Policy Uncertainty available in PDF, EPUB and Kindle. Important interaction has been established for US economic policy uncertainty with a number of economic and financial variables including oil prices. This paper examines the dynamic effects of US and non-US oil production shocks on economic policy uncertainty using a structural VAR model. Such an examination is motivated by the substantial increases in US oil production in recent years with implications for US political and economic security. Positive innovations in US oil production are associated with decreases in US economic policy uncertainty. The economic forecast interquartile ranges about the US CPI and about federal/state/local government expenditures are particularly sensitive to innovations in US oil supply shocks. Shocks to US oil supply disruption causes rises in the CPI forecast uncertainty and accounts for 21% of the overall variation of the CPI forecaster disagreement. Dis-aggregation of oil production shocks into US and non-US oil production yield novel results. Oil supply shocks identified by US and non-US origins explain as much of the variatio in economic policy uncertainty as structural shocks on the demand side of the oil market.
Measuring Oil-Price Shocks Using Market-Based Information
Measuring Oil-Price Shocks Using Market-Based Information - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Measuring Oil-Price Shocks Using Market-Based Information write by Tao Wu. This book was released on 2010-10. Measuring Oil-Price Shocks Using Market-Based Information available in PDF, EPUB and Kindle. The authors study the effects of oil-price shocks on the U.S economy combining narrative and quantitative approaches. After examining daily oil-related events since 1984, they classify them into various event types. They then develop measures of exogenous shocks that avoid endogeneity and predictability concerns. Estimation results indicate that oil-price shocks have had substantial and statistically significant effects during the last 25 years. In contrast, traditional vector auto-regression (VAR) approaches imply much weaker and insignificant effects for the same period. This discrepancy stems from the inability of VARs to separate exogenous oil-supply shocks from endogenous oil-price fluctuations driven by changes in oil demand. Illustrations.
