Oil price volatility and the macroeconomy

Article Abstract:

The impact of oil price shocks on the macroeconomy are studied. Results show that oil price shocks affect the economy by increasing oil price levels and price volatility. Oil price shocks also affected the economy through sectoral shocks and uncertainty channels while the tightening of monetary polices following oil price increases explains the relationship between oil price changes and output growth.

Prices and rates, Petroleum, Monetary policy

---

Predicting the pattern of economics research: the case of the real business cycle theory

Article Abstract:

The real business cycle theory emerged with the rational expectations theory and the endogenous growth theory as a major macroeconomic research field after 1970. The development of such a theory is examined and described in steady-state analysis. Time path simulations of scientific research indicates a minirevolution pattern for the real business cycle theory.

Economic research, Business cycles

---

Similar abstracts:

• Abstracts: Disequilibrium dynamics during the Great Depression. Consumption, liquidity constrainst and economic development
• Abstracts: Forward markets and changes in macroeconomic performance: the case of oil. part 2 The macroeconomic effects of the postwar baby boom: evidence from Australia

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.