The Oil Price-Macroeconomy Relationship Since the Mid- 1980s: A Global Perspective

Exploring the Robustness of the Oil Price-Macroeconomy Relationship

This paper reexamines the oil price-macroeconomy relationship with rolling Granger causality and structural stability tests. It finds that the relationship broke down amidst the falling oil prices and market collapse of the 1980s, suggesting misspecification of the oil price rather than a weakened relationship. Some proposed respecifications of the oil price yield considerable improvements, alt...

Austria: Persistent low fertility since the mid-1980s

This chapter offers an in-depth analysis of fertility in Austria, a country which has experienced a low and relatively stable fertility level and a gradual postponement of childbearing since the mid-1980s. We begin by summarising Austrian population trends in the post-World War II period and highlighting recent relatively high migration levels. We outline the long history of sub-replacement fer...

Oil and the Macroeconomy

the relationship between field-related cognitive styles and global reading comprehension of hypertext

this study investigates the relationship between field-related cognitive styles and global reading comprehension of hypertext. technically, field dependency is prevailing dominance of field on perception of parts, while global comprehension is skim-like reading to grasp the general content. in this research project, 60 senior and junior students of arak university majoring in english literature...

Oil and the Macroeconomy Revisited*

The relationship between oil price shocks and U.S. macroeconomic fluctuations advocated by Hamilton (1983) broke down in the 1980s amidst a new regime of highly volatile oil price movements. Several authors have argued that asymmetric and nonlinear transformations of oil prices restore that relationship, and thus that the economy responds asymmetrically and nonlinearly to oil price shocks. In t...