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...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Unalmis, Deren
Weitere Verfasser: Unalmis, Ibrahim, Unsal, Filiz
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2009.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2009/285
Online Zugang:Full text available on IMF
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490 1 |a IMF Working Papers 
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520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Unalmis, Ibrahim. 
700 1 |a Unsal, Filiz. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2009/285 
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