The researches have generally ignored the effect of an oil price shock passing through financial channel. To fill this gap, we examine the impact of a fall in oil price on output and inflation through trade and financial channels by using a Global VAR (GVAR) model in oil-exporting countries. Our sample includes 15 OPEC and non-OPEC oil-exporting countries, 14 oil-importing countries and Europea...

In this paper, we develop a dynamic system model to predict the effects of shale oil production on demand and supply of oil.  We study the interaction between demand and supply of OPEC and non-OPEC member countries and supply of shale oil, oil price, growth of the global economy, development of new oil reserves and  alternative energies. In our model, OPEC acts passively and covers the market d...

In recent decade Investigate of effective elements on energy consumption has concerned by economists and policy makers. Resources scarcity spatially energy has important role in supply and demand circular model from demand side as a final good as well as from supply side as input and intermediates goods has play widely. In spite of existence oil and gas resources In Iran and other OPEC countrie...

Expectation has an important role in oil price fluctuation and it seems which one of the important factors is for changing supply behaviour however oil price changes. Identification of mentioned expectation could help us for partly and continuously control the oil market situation.one of the important factor that could have effects on future oil price expectation is volume of current reserve oi...