We examine the dynamic effects of an oil price shock on a small open economy that imports oil and exports labor to the oil exporting countries. We find that the reduction in output resulting from the oil price shock is at least partially mitigated by an accompanying increase in remittances from the expatriated labor. We also show that with a jump in oil price, domestic labor use decreases and labor export increases, oil consumption falls, and steady-state capital and consumption fall. However, consumption may intially jump up depending on the relative sizes of the negative supply effect and the positive remittance effect. Although consumption will eventually fall below the pre-shock level as steady state is approached, the initial consumpt...
We characterize the macroeconomic performance of a set of industrialized economies in the aftermath ...
This paper examines the macroeconomic effects of an adverse oil price shock under different exchange...
Since the beginning of 2000s the world economy has witnessed a substantial increase in oil prices, w...
Our objective is to study the dynamic effects of an oil price shock on economic key variables and on...
This paper examines how oil price shocks affect the output growth of selected MENA countries that ar...
This study investigates the effects of oil price shocks on three measures of oil exporters\u27 and o...
This paper highlights the role of the terms of trade in the trade channel of propagation of oil pric...
Nancy Yannan Li was a Bryn Mawr student.This thesis studies the impact of oil price shocks on key ma...
The global oil dynamics has significant implications for both oil exporting and importing small open...
This paper researches the impact of demand and supply shocks in the crude oil market on industrial p...
A large volume of research has acknowledged the role of oil price shocks to generate a significant s...
This study investigates the effects of oil price shocks on three measures of oil exporters' and oil ...
We examine the economic consequences of oil shocks across a set of industrialized countries. First, ...
The central issue that this dissertation tries to address is the relationship between oil price shoc...
The main component of this thesis is a paper which examines the relationship between oil price shock...
We characterize the macroeconomic performance of a set of industrialized economies in the aftermath ...
This paper examines the macroeconomic effects of an adverse oil price shock under different exchange...
Since the beginning of 2000s the world economy has witnessed a substantial increase in oil prices, w...
Our objective is to study the dynamic effects of an oil price shock on economic key variables and on...
This paper examines how oil price shocks affect the output growth of selected MENA countries that ar...
This study investigates the effects of oil price shocks on three measures of oil exporters\u27 and o...
This paper highlights the role of the terms of trade in the trade channel of propagation of oil pric...
Nancy Yannan Li was a Bryn Mawr student.This thesis studies the impact of oil price shocks on key ma...
The global oil dynamics has significant implications for both oil exporting and importing small open...
This paper researches the impact of demand and supply shocks in the crude oil market on industrial p...
A large volume of research has acknowledged the role of oil price shocks to generate a significant s...
This study investigates the effects of oil price shocks on three measures of oil exporters' and oil ...
We examine the economic consequences of oil shocks across a set of industrialized countries. First, ...
The central issue that this dissertation tries to address is the relationship between oil price shoc...
The main component of this thesis is a paper which examines the relationship between oil price shock...
We characterize the macroeconomic performance of a set of industrialized economies in the aftermath ...
This paper examines the macroeconomic effects of an adverse oil price shock under different exchange...
Since the beginning of 2000s the world economy has witnessed a substantial increase in oil prices, w...