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On the sources of oil price fluctuations /
Analyzing macroeconomic impacts of oil price changes requires first to investigate different sources of these changes and their distinct effects. Kilian (2009) analyzes the effects of an oil supply shock, an aggregate demand shock, and a precautionary oil demand shock. The paper's aim is to mod...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , , |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2009.
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| Colección: | IMF working paper ;
WP/09/285. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | Analyzing macroeconomic impacts of oil price changes requires first to investigate different sources of these changes and their distinct effects. Kilian (2009) analyzes the effects of an oil supply shock, an aggregate demand shock, and a precautionary oil demand shock. The paper's aim is to model macroeconomic consequences of these shocks within a new Keynesian DSGE framework. It models a small open economy and the rest of the world together to discover both accompanying effects of oil price changes and their international transmission mechanisms. Our results indicate that different sources of oil price fluctuations bring remarkably diverse outcomes for both economies. |
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| Descripción Física: | 1 online resource (28 pages) : illustrations. |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 9781452740973 1452740976 1451918461 9781451918465 1462324479 9781462324477 1451874308 9781451874303 1282844725 9781282844728 9786612844720 6612844728 |
| ISSN: | 2227-8885 2227-8885 ; |