The Differential Effects of Oil Demand and Supply Shocks on the Global Economy /

We employ a set of sign restrictions on the generalized impulse responses of a Global VAR model, estimated for 38 countries/regions over the period 1979Q2-2011Q2, to discriminate between supply-driven and demand-driven oil-price shocks and to study the time profile of their macroeconomic effects for...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Cashin, Paul
Weitere Verfasser: Mohaddes, Kamiar, Raissi, Maziar, Raissi, Mehdi
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2012.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2012/253
Online Zugang:Full text available on IMF