کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5064409 1476718 2014 12 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Oil price shocks in a data-rich environment
ترجمه فارسی عنوان
قیمت نفت در یک محیط اطمینان محسوب می شود؟
موضوعات مرتبط
مهندسی و علوم پایه مهندسی انرژی انرژی (عمومی)
چکیده انگلیسی


- Studies the impact of different types of oil price shocks on the U.S. economy
- Use a factor-augmented VAR approach.
- Differences in macroeconomic responses to the different types of oil price shocks
- Oil demand shocks are more important than oil supply shocks.
- The origin of the oil demand shock matters.

This paper examines the impact of different types of oil price shocks on the U.S. economy, using a factor-augmented VAR (FAVAR) approach. The results indicate that when examining the effects of oil price shocks, it is important to account for the interaction between the oil market and the macroeconomy. I find that oil demand shocks are more important than oil supply shocks in driving several macroeconomic variables, and that the origin of demand shocks matters. Specifically, the U.S. economy and monetary policy respond differently to global demand shocks that have the effect of raising the price of oil and to oil-specific demand shocks.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Energy Economics - Volume 45, September 2014, Pages 268-279
نویسندگان
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