The Impact Of Oil Import Price Shocks
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The Impact Of Oil Import Price Shocks On Domestic Prices
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Author : Robert A. Feldman
language : en
Publisher: Routledge
Release Date : 2019-09-06
The Impact Of Oil Import Price Shocks On Domestic Prices written by Robert A. Feldman and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-09-06 with Political Science categories.
First published in 1982. The sharp increase in the price of imported oil in the early 1970s generated much interest in the economic impact of large oil price hikes and related energy price increases. The main focus is on oil, and Dr. Feldman’s monograph is a needed contribution, revealing the quantitative price impacts of recent oil price shocks in great detail.
The Impact Of Oil Import Price Shocks
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Author : Robert A. Feldman
language : en
Publisher:
Release Date : 1979
The Impact Of Oil Import Price Shocks written by Robert A. Feldman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with Petroleum products categories.
The Impact Of Oil Import Price Shocks On Domestic Prices
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Author : Robert Alan Feldman
language : en
Publisher:
Release Date : 1982
The Impact Of Oil Import Price Shocks On Domestic Prices written by Robert Alan Feldman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Petroleum products categories.
The Impact Of Oil Import Price Shocks On Domestic Prices
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Author : Robert Alan Feldman
language : en
Publisher:
Release Date : 1979
The Impact Of Oil Import Price Shocks On Domestic Prices written by Robert Alan Feldman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with categories.
Global Impacts Of Oil Price Shocks
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Author : Saeed Moshiri
language : en
Publisher:
Release Date : 2022
Global Impacts Of Oil Price Shocks written by Saeed Moshiri and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.
Oil price shocks impact the global economy, but the effects are not alike across the countries. While higher oil prices are beneficial to oil-exporting countries, they are harmful to economic performance of oil-importing countries. The opposite is also true for the lower oil prices. Nonetheless, international trade may mitigate the direct impacts of oil price shocks on both groups of countries. While the literature on the direct impact of oil price shocks on either oil-exporting or oil-importing countries is rich, the studies on the indirect impacts are limited. In this paper, we set up an empirical model to estimate the direct and indirect effects of oil price shocks on 30 major net oil-exporting and net oil-importing countries that comprise more than 73 percent of the world's economy. We use bilateral trade matrix to construct the spillover variables and estimate the indirect impact of oil price chocks. To control for institutional variations across the countries, we divide each group of the oil-exporting and oil-importing countries into two developed and developing groups. The estimation results for the period 1980-2015 show that all oil-importing countries are adversely affected by rising oil prices, but trade has mitigated the effect in developed countries. The impact of positive oil price shocks on developing oil-exporting countries is positive, but the trade has reduced the effect. However, the effect of the shocks on developed oil-exporting countries is not significant.
The Impact Of Oil Price Shocks On Economic Growth In Middle Income Developing Countries
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Author : Mark E. Hanson
language : en
Publisher:
Release Date : 1988
The Impact Of Oil Price Shocks On Economic Growth In Middle Income Developing Countries written by Mark E. Hanson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Sustainable development categories.
Oil Price Shocks Market Response And Contingency Planning
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Author : George Horwich
language : en
Publisher: American Enterprise Institute
Release Date : 1984
Oil Price Shocks Market Response And Contingency Planning written by George Horwich and has been published by American Enterprise Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Business & Economics categories.
Macroeconomic Impacts Of Energy Shocks
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Author : H.G. Huntington
language : en
Publisher: Elsevier
Release Date : 2016-10-19
Macroeconomic Impacts Of Energy Shocks written by H.G. Huntington and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-10-19 with Business & Economics categories.
Large-scale macroeconomic models have been used extensively to analyze a wide range of important economic issues. They were originally developed to study the economy's response to monetary and fiscal policies. During the 1970s these models were expanded and revised to track the inflationary processes and to incorporate key energy variables so that they could be used to examine the impacts of energy price shocks.This study compares the responses of 14 prominent macroeconomic models to supply-side shocks in the form of sudden energy price increases or decreases and to policies for lessening the impacts of price jumps. Four energy price shocks were examined: oil price increases of 50 and 20 percent, an oil price reduction of 20 percent, and an 80 percent increase in domestic natural gas prices. Five policy responses were considered for offsetting the GNP impacts of the larger oil price increase: monetary accommodation, an income tax rate reduction, an increase in the investment tax credit for equipment, a reduction in the employer's payroll tax rate, and an oil stockpile release.The study was conducted by a working group comprised of about 40 modelers and potential model users from universities, business, and government. As in previous EMF studies, the group pursued two broad goals. Firstly, they sought to understand the models themselves by identifying important similarities as well as structural differences. Secondly, they sought to use the models to sharpen their understanding of energy shocks and of the related policy issues. Their conclusions appear as the first chapter in this volume, the remaining chapters providing more technical treatment of the key structural differences among the participating models as well as their use for evaluating energy policies.This volume is addressed particularly to those interested in the energy shock issue, as well as to those with a broader interest in macroeconomic models and policies.
On The Sources And Consequences Of Oil Price Shocks
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Author : Deren Unalmis
language : en
Publisher: International Monetary Fund
Release Date : 2012-11-08
On The Sources And Consequences Of Oil Price Shocks written by Deren Unalmis and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-11-08 with Business & Economics categories.
Building on recent work on the role of speculation and inventories in oil markets, we embed a competitive oil storage model within a DSGE model of the U.S. economy. This enables us to formally analyze the impact of a (speculative) storage demand shock and to assess how the effects of various demand and supply shocks change in the presence of oil storage facility. We find that business-cycle driven oil demand shocks are the most important drivers of U.S. oil price fluctuations during 1982-2007. Disregarding the storage facility in the model causes a considerable upward bias in the estimated role of oil supply shocks in driving oil price fluctuations. Our results also confirm that a change in the composition of shocks helps explain the resilience of the macroeconomic environment to the oil price surge after 2003. Finally, speculative storage is shown to have a mitigating or amplifying role depending on the nature of the shock.
Measuring Oil Price Shocks Using Market Based Information
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Author : Mr.Tao Wu
language : en
Publisher: International Monetary Fund
Release Date : 2012-01-01
Measuring Oil Price Shocks Using Market Based Information written by Mr.Tao Wu and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-01 with Business & Economics categories.
We 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, we classify them into various event types. We 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 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.