Distinguished Oil Price Shocks and Capital Structure Choice: Evidence from Around the World

2021 ◽  
Author(s):  
Son Duy Pham ◽  
Thao Thac Thanh Nguyen
Keyword(s):  
Capital Structure ◽  
Oil Price ◽  
Oil Price Shocks ◽  
Price Shocks ◽  
The World ◽  
Structure Choice ◽  
Capital Structure Choice

Energy Use in an Era of Rapidly Changing Oil Price—How OPEC Did Not save the World from the Greenhouse Effect

1992 ◽  
Vol 24 (7) ◽  
pp. 1039-1050 ◽  
Author(s):  
H Neuburger
Keyword(s):  
Time Trend ◽  
Energy Use ◽  
Carbon Tax ◽  
Oil Price ◽  
Collateral Damage ◽  
Oil Price Shocks ◽  
Price Shocks ◽  
The World ◽  
Energy Ratios ◽  
Reducing Energy

In this paper a statistical analysis of trends in energy use in six major OECD countries in the period 1968 to 1988 is reported. The traditional analyses are challenged, and it is concluded that one model, explaining the development of energy ratios in terms of the price of oil and a time trend, applies to all six countries. In each case there is a strong and steady downward trend of around 2% per annum and a price elasticity of less than 5%. It is argued that those accounts of energy use which attribute improvements in energy efficiency mainly to the oil price shocks of 1973 and 1979 are misspecified and wrong. It is suggested that the direct effect of the oil price on energy use is relatively small. This in turn implies that the use of general taxes such as a carbon tax is unlikely to be effective in reducing energy use without widespread collateral damage to the economy.

Monetary policy and the effect of the transfer of oil prices to inflation

2020 ◽  
pp. 41-50
Author(s):  
Ph. S. Kartaev ◽  
I. D. Medvedev
Keyword(s):  
Monetary Policy ◽  
Inflation Targeting ◽  
Dynamic Models ◽  
Oil Prices ◽  
Oil Price ◽  
Oil Price Shocks ◽  
Negative Effects ◽  
Price Shocks ◽  
Policy Regime ◽  
The Impact

The paper examines the impact of oil price shocks on inflation, as well as the impact of the choice of the monetary policy regime on the strength of this influence. We used dynamic models on panel data for the countries of the world for the period from 2000 to 2017. It is shown that mainly the impact of changes in oil prices on inflation is carried out through the channel of exchange rate. The paper demonstrates the influence of the transition to inflation targeting on the nature of the relationship between oil price shocks and inflation. This effect is asymmetrical: during periods of rising oil prices, inflation targeting reduces the effect of the transfer of oil prices, limiting negative effects of shock. During periods of decline in oil prices, this monetary policy regime, in contrast, contributes to a stronger transfer, helping to reduce inflation.

The Debt Trap: Wealth Transfers and Capital Structure Choice

2011 ◽  
Author(s):  
Palani-Rajan Kadapakkam ◽  
alex meisami ◽  
John K. Wald
Keyword(s):  
Capital Structure ◽  
Structure Choice ◽  
Capital Structure Choice
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