The Dynamic Effects of Aggregate Demand, Supply and Oil Price Shocks-A Comparative Study

2000 ◽  
Vol 68 (5) ◽  
pp. 578-607 ◽  
Author(s):  
Hilde Christiane Bjornland
Keyword(s):  
Comparative Study ◽  
Aggregate Demand ◽  
Oil Price ◽  
Oil Price Shocks ◽  
Dynamic Effects ◽  
Price Shocks

scholarly journals Oil Price Shocks: A Comparative Study on the Impacts in Purchasing Power in Pakistan

2011 ◽  
Vol 5 (2) ◽  
Author(s):  
Muhammad Bachal Jamali ◽  
Asif Shah ◽  
Hassan Jawad Soomro ◽  
Kamran Shafiq ◽  
Faiz M.Shaikh
Keyword(s):  
Comparative Study ◽  
Oil Price ◽  
Purchasing Power ◽  
Oil Price Shocks ◽  
Price Shocks

scholarly journals Globalization, Endogenous Oil Price Shocks and Chinese Economic Activity

2017 ◽  
Vol 22 (2) ◽  
pp. 39-64
Author(s):  
Gulzar Khan ◽  
Adiqa Kiani ◽  
Ather Maqsood Ahmed
Keyword(s):  
Open Economy ◽  
Aggregate Demand ◽  
Small Open Economy ◽  
Oil Prices ◽  
Chinese Economy ◽  
Oil Price ◽  
Economic Conditions ◽  
Oil Price Shocks ◽  
Price Shocks ◽  
Macroeconomic Activity

Using a structural vector autoregressive model, this study investigates the extent to which international oil price shocks have influenced the Chinese economy over the period 1991–2014. Given China’s intensified macroeconomic activity and its increasing demand for energy resources, we also examine the endogenous response of international oil prices to economic conditions in the country. To that end, we derive and empirically estimate a small open-economy New Keynesian model for China and the rest of the world. Our results show that the Chinese economy is relatively more sensitive to global economic conditions than to domestic policy actions. Global productivity shocks appear to be the most important variable causing Chinese macroeconomic activity through trade, where oil prices impact aggregate demand negatively.

scholarly journals HOW DOES STOCK MARKET VOLATILITY REACT TO OIL PRICE SHOCKS?

2017 ◽  
Vol 22 (3) ◽  
pp. 666-682 ◽  
Author(s):  
Andrea Bastianin ◽  
Matteo Manera
Keyword(s):  
Stock Market ◽  
Crude Oil ◽  
Aggregate Demand ◽  
Model Identification ◽  
Oil Price ◽  
Market Volatility ◽  
Oil Price Shocks ◽  
Stock Market Volatility ◽  
Price Shocks ◽  
The Impact

We study the impact of oil price shocks on the U.S. stock market volatility. We jointly analyze three different structural oil market shocks (i.e., aggregate demand, oil supply, and oil-specific demand shocks) and stock market volatility using a structural vector autoregressive model. Identification is achieved by assuming that the price of crude oil reacts to stock market volatility only with delay. This implies that innovations to the price of crude oil are not strictly exogenous, but predetermined with respect to the stock market. We show that volatility responds significantly to oil price shocks caused by unexpected changes in aggregate and oil-specific demand, whereas the impact of supply-side shocks is negligible.

The dynamic effects of international oil price shocks on economic fluctuation

2021 ◽  
Vol 74 ◽  
pp. 102304
Author(s):  
Xiao-Li Gong ◽  
Jian-Min Liu ◽  
Xiong Xiong ◽  
Wei Zhang
Keyword(s):  
Oil Price ◽  
Oil Price Shocks ◽  
Dynamic Effects ◽  
Price Shocks ◽  
Economic Fluctuation
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