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...

Descripción completa

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Unalmis, Deren (Autor), Unalmis, Ibrahim (Autor), Unsal, D. Filiz (Autor)
Autor Corporativo: International Monetary Fund. Asia and Pacific Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, ©2009.
Colección:IMF working paper ; WP/09/285.
Temas:
Petroleum products > Prices > Econometric models.
Petroleum industry and trade > Supply and demand > Econometric models.
Monetary policy > Econometric models.
Inflation (Finance) > Econometric models.
Produits pétroliers > Prix > Modèles économétriques.
Pétrole > Industrie et commerce > Offre et demande > Modèles économétriques.
Politique monétaire > Modèles économétriques.
Inflation > Modèles économétriques.
Petroleum products > Prices > Econometric models
Inflation (Finance) > Econometric models
Monetary policy > Econometric models
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. The Small Open Economy Model; 1. Model in Log-Linearized Form: Behavioral Equations for SOE; A. Households; B. Firms; C. Monetary and Fiscal Policy; D. Equilibrium; III. Rest of the World and the Oil Market; A. Equilibrium in the Rest of the World; 2. Model in Log-Linearized Form: Behavioral Equations for the ROW and the Oil Market; 3. Model in Log-Linearized Form: Parameters; 4. Model in Log-Linearized Form: Exogenous Processes; B. Oil Market Equilibrium; IV. Impulse Response Analysis.
  • 5. Parameters Values Used in CalibrationA. Aggregate Demand Shocks; B. Oil Supply Shock; C. Precautionary Demand Shock; V. Conclusions; Appendix: Equilibrium Conditions; A. Households and Goods Market Equilibrium in SOE; B. Marginal Cost and Inflation Dynamics; C. Rest of the World and Oil Market Equilibrium; 1. Impulse Responses to 1 Percent Labor Productivity Shock; 2. Impulse Responses to 1 Percent Government Spending Shock; 3. Impulse Responses to 10 Percent Negative Oil Supply Shock; 4. Impulse Responses to 10 Percent Expected Negative Oil Supply Shock; References; Footnotes.

Ejemplares similares