Asymmetric responses of money demand to oil price shocks in Saudi Arabia: a non-linear ARDL approach

2016 ◽  
Vol 49 (37) ◽  
pp. 3758-3769 ◽  
Author(s):  
Mouyad Alsamara ◽  
Zouhair Mrabet ◽  
Michel Dombrecht ◽  
Karim Barkat
Keyword(s):  
Saudi Arabia ◽  
Money Demand ◽  
Oil Price ◽  
Oil Price Shocks ◽  
Price Shocks ◽  
Ardl Approach ◽  
Non Linear ◽  
Asymmetric Responses

Identifying asymmetric responses of sectoral equities to oil price shocks in a NARDL model

2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Abderrazak Dhaoui ◽  
Julien Chevallier ◽  
Feng Ma
Keyword(s):  
Interest Rate ◽  
Financial Market ◽  
Oil Prices ◽  
Oil Price ◽  
Policy Implications ◽  
Oil Price Shocks ◽  
Price Shocks ◽  
Asymmetric Responses ◽  
The Impact ◽  
Nardl Model

AbstractThis study examines the asymmetric responses of sector stock indices returns to positive and negative fluctuations in oil prices using the NARDL model. Our empirical findings support indirect transmissions of oil price fluctuation to the financial market through industrial production and short-term interest rate. Furthermore, both direct and indirect impacts of oil price shocks on stock returns are sector dependent. These results are with substantial policy implications either for investors or for policymakers. They mainly help government authorities to reduce the instability in financial markets caused by the major oil price shocks. The analysis of the impact of oil price shocks on stock markets also helps the financial market participants to adjust their decisions and revise their coverage of energy policy that is substantially affected by the turbulence and uncertainty in the crude oil market. Finally, based on the forecast of the oil price shocks effects, the central bank should adjust the interest rate in order to face up to the inflation rate induced by oil prices since oil prices act as an inflationary factor.

scholarly journals Asymmetric Responses of Oil Price Shocks on Economic Growth in Algeria: An Empirical Analysis through NARDL Approach

2020 ◽  
Vol 7 (2) ◽  
pp. 74-93
Author(s):  
Dahmani Mohamed Driouche ◽  
Attouchi Manel ◽  
Chenini Moussa ◽  
Benbouziane Mohamed
Keyword(s):  
Economic Growth ◽  
Empirical Analysis ◽  
Oil Price ◽  
Oil Price Shocks ◽  
Price Shocks ◽  
Asymmetric Responses

scholarly journals Asymmetric impacts of oil price shocks on government expenditures: Evidence from Saudi Arabia

2018 ◽  
Vol 6 (1) ◽  
pp. 1512835 ◽  
Author(s):  
Hany Abdel-Latif ◽  
Rehab A. Osman ◽  
Heba Ahmed ◽  
Lanouar Charfeddine
Keyword(s):  
Saudi Arabia ◽  
Oil Price ◽  
Government Expenditures ◽  
Oil Price Shocks ◽  
Price Shocks
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