Globalization, Endogenous Oil Price Shocks and Chinese Economic Activity
نویسندگان
چکیده
منابع مشابه
Oil Price Shocks and Economic Fluctuations in Iran as a Small Open Oil Exporting Economy
Oil price shocks are the major source of economic instability in oil exporting developing countries, including Iran. In this paper a Multi Sector Dynamic Stochastic General Equilibrium model, with emphasis on optimization of oil sector as a producing sector is designed. Furthermore, an optimizing import sector is introduced into the model by considering the price rigidity in imported goods as a...
متن کاملThe Economic Impact of Oil Price Shocks on Emerging Markets
Recent spikes in oil prices have thrown light on how economic activity in emerging markets may be impacted by oil price shocks. This paper conducts an empirical analysis of the effect of oil price shocks on emerging markets. It tests for the existence of an asymmetrical relationship between oil prices and economic activity using a model developed by James Hamilton. It also assesses the impact o...
متن کاملOil Price Shocks and Inflation
The historical record Figure 1 plots the price of oil relative to the core personal consumption expenditures price index (PCEPI) together with the core PCEPI inflation rate. (Core measures of inflation exclude food and energy prices.) The figure shows that the price of oil jumped sharply twice in the 1970s, as did inflation. But this relationship appears to have deteriorated over the latter par...
متن کاملAn International Perspective on Oil Price Shocks and U.S. Economic Activity - Dallas Fed
The effect of oil price shocks on U.S. economic activity seems to have changed since the mid-1990s. A variety of explanations have been offered for the seeming change — including better luck, the reduced energy intensity of the U.S. economy, a more flexible economy, more experience with oil price shocks and better monetary policy. These explanations point to a weakening of the relationship betw...
متن کاملOil Price Shocks and Russia’s Economic Growth: The Impacts and Policies for Overcoming Them
Considering Russia’s rich and vast oil resources, this country is one of the world’s greatest producers and exporters of this nonrenewable energy resource, and like other petrostates, receives a major part of its national income in this way. The dependence of Russia’s budget on oil has raised the significance of world oil price fluctuations for this country. Since 1970s, the global oil market h...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: THE LAHORE JOURNAL OF ECONOMICS
سال: 2017
ISSN: 1811-5446
DOI: 10.35536/lje.2017.v22.i2.a2