ScienceDirecthttps://www.sciencedirect.com/science/article/pii/S0140988317301548Oil prices and the global economy: Is it different this time around ...In fact, since 1986 there have been six episodes of sharp decline in oil prices (30% or more in each episode), in a relatively short period of time (within seven months), and with relatively large effects on the global economy (see Fig. 1 and Baffes et al., 2015).Therefore, while the fall in oil prices since June 2014 is large, it is by no means unprecedented, and there is an extensive ...  

EconPapershttps://econpapers.repec.org/RePEc:eee:eneeco:v:115:y:2022:i:c:s01409883220…Oil shocks and global economy - EconPapers2024年7月1日 · Oil shocks and global economy. Rebeca Jiménez-Rodríguez. Energy Economics, 2022, vol. 115, issue C . Abstract: This paper analyzes how global economic activity reacts to shocks in the crude oil market, allowing that such reactions may change over time by using a Time-Varying Parameter Vector Autoregression model. Our findings show that an …

JSTORhttps://www.jstor.org/stable/resrep30412[PDF]Country-Specific Oil Supply Shocks and the Global …shocks into three types: global oil-supply shock, global oil-demand shock driven by economic activity, and an oil-speci–c demand shock driven by expectations about future changes in global oil market conditions. More recently, however, a number of …

ScienceDirecthttps://www.sciencedirect.com/science/article/pii/S0301420721003147The dynamic effects of international oil price shocks on …2021年12月1日 · With the recovery of the global economy, crude oil has become one of the most important strategic resources in the world, and the demand for crude oil products is also increasing day by day. ... Country-specific oil supply shocks and the global economy: a counterfactual analysis. Energy Econ., 59 (2016), pp. 382-399. View PDF View article View ...