Reassessing the role of buffer stock money under oil price shocks

2001 ◽  
Vol 29 (1) ◽  
pp. 20-30
Author(s):  
Nicholas Apergis
Keyword(s):  
Buffer Stock ◽  
Oil Price ◽  
Oil Price Shocks ◽  
Price Shocks

scholarly journals On the Sources and Consequences of Oil Price Shocks: The Role of Storage

2012 ◽  
Vol 12 (270) ◽  
pp. 1 ◽  
Author(s):  
Deren Unalmis ◽  
Ibrahim Unalmis ◽  
D. Filiz Unsal ◽  
◽  
◽  
...  
Keyword(s):  
Oil Price ◽  
Oil Price Shocks ◽  
Price Shocks

On Oil Price Shocks: The Role of Storage

2012 ◽  
Vol 60 (4) ◽  
pp. 505-532 ◽  
Author(s):  
Deren Unalmis ◽  
Ibrahim Unalmis ◽  
Derya Filiz Unsal
Keyword(s):  
Oil Price ◽  
Oil Price Shocks ◽  
Price Shocks

Global Commodity and Oil Price Movements, Macroeconomic Performance and Challenges for an Emerging Economy: The Indian Experience

2018 ◽  
Vol 19 (3) ◽  
pp. 650-674 ◽  
Author(s):  
D. Tripati Rao ◽  
Saurabh Goyal
Keyword(s):  
Emerging Economy ◽  
Oil Price ◽  
Impulse Response Functions ◽  
Oil Price Shocks ◽  
Macroeconomic Performance ◽  
Price Shocks ◽  
Price Fluctuations ◽  
Private Credit ◽  
The Impact

Commodity and oil price fluctuations have significant bearing on domestic macroeconomic performance and macroeconomic policymaking of an emerging economy. The article explores the impact of non-energy commodity and oil price fluctuations on output, inflation and real exchange rate (RER) in India; and commodity and oil constituting sizeable imports. The empirical analysis carried out through vector error correction model (VECM) for the post-liberalization period 1991–2014 clearly points out that commodity and oil price shocks have a significant impact on the variation in output and prices accounting for RER adjustment and the role of a developed financial market (private credit). The RER adjusts to commodity and oil price shocks, accounting for foreign exchange reserves and financial markets (private credit). The impulse response functions indicate that one standard deviation shock in commodity and oil price persists for three to eight quarters over domestic prices and output. While these results point to lessening of commodity and oil imports through a series of medium and long-term structural-cum-policy reform measures, in the immediate, they also lend a role of intervention by monetary authority (central bank) in pursuit of inflation targeting. Conjointly, pursuance of countercyclical fiscal policy to stabilize domestic output and prices in short run are called for.

scholarly journals Volatility forecasting across tanker freight rates: The role of oil price shocks

2018 ◽  
Vol 118 ◽  
pp. 376-391 ◽  
Author(s):  
Konstantinos Gavriilidis ◽  
Dimos S. Kambouroudis ◽  
Katerina Tsakou ◽  
Dimitris A. Tsouknidis
Keyword(s):  
Oil Price ◽  
Oil Price Shocks ◽  
Volatility Forecasting ◽  
Price Shocks ◽  
Freight Rates

scholarly journals Oil Price Shocks and Fiscal Spending in Oil Producing Economy: The Role of Asymmetry

2018 ◽  
pp. 1-10
Author(s):  
Bernard Olagboyega Muse
Keyword(s):  
Crude Oil ◽  
Empirical Finding ◽  
Oil Prices ◽  
Oil Price ◽  
Oil Price Shocks ◽  
Price Shocks ◽  
Asymmetric Impact ◽  
The Impact ◽  
Fiscal Spending

Given their over reliance on proceeds from the sale of crude oil, fiscal spending in the oil-producing economy are often characterised with some specific challenges mainly due to the uncertainty in the nature of oil price movements in the international crude oil market. Motivated by the historical up – down trends in the international oil prices and their potential implications particularly for oil-producing countries, this paper explores linear and non-linear ARDL frameworks to examine the symmetric and asymmetric impact of oil price shocks on fiscal spending. Using the case of the Nigerian economy, this empirical finding suggests that shocks to international oil prices did matter for fiscal spending in the oil-producing economy. On the direction of the impact of the shocks, the finding of the non-rejection of the null hypothesis of no asymmetry thus implies that fiscal spending in Nigeria reacts indifferently to either a positive or negative oil price shocks.

scholarly journals The Role of Oil Price Shocks in Causing U.S. Recessions

2014 ◽  
Vol 2014 (1114) ◽  
pp. 1-39 ◽  
Author(s):  
Lutz Kilian ◽  
◽  
Robert J. Vigfusson
Keyword(s):  
Oil Price ◽  
Oil Price Shocks ◽  
Price Shocks
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