Measuring Oil-Price Shocks Using Market-Based Information /

We study the effects of oil-price shocks on the U.S. economy combining narrative and quantitative approaches. After examining daily oil-related events since 1984, we classify them into various event types. We then develop measures of exogenous shocks that avoid endogeneity and predictability concern...

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Detalhes bibliográficos
Autor principal: Wu, Tao
Outros Autores: Cavallo, Michele
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2012.
Colecção:IMF Working Papers; Working Paper ; No. 2012/019
Acesso em linha:Full text available on IMF