Add to ORKGThe aim of this paper is to investigate oil price shocks’ effects and their associated transmission channels on global imbalances. To this end, we rely on a Global VAR approach that allows us to account for trade and financial interdependencies between countries. Considering a sample of 30 oil-exporting and importing economies over the 1980-2011period, wefindthatthenatureoftheshock—demand-drivenorsupply-driven— matters in understanding the effects of oil price shocks on global imbalances. In addition, we show that the main adjustment mechanism to oil shocks is based on the trade channel, the valuation channel being at play only on the short run
We employ a set of sign restrictions on the impulse responses of a Global VAR model, estimated for 3...
It is common political practice to blame the presently poor performance of OECD economies on huge ra...
This study investigates the effects of oil price shocks on three measures of oil exporters' and oil ...
The aim of this paper is to investigate oil price shocks’ effects and their associated transmission c...
demand-driven or supply-driven – matters in understanding the effects of oil price shocks on global ...
This study aims to examine whether a large part of the variability of trade balances and their oil a...
This paper investigates the global macroeconomic consequences of country-specific oil-supply shocks....
This paper investigates how oil price shocks affect the trade balance and terms of trade in a two co...
© 2016 Elsevier B.V. This paper investigates the global macroeconomic consequences of country-specif...
In a world scale economy considering interlinkage and interactions between countries, economic shock...
We employ a set of sign restrictions on the impulse responses of a Global VAR model, estimated for 3...
This study aims to examine the effects of oil price shocks on the overall trade- and the non-oil tra...
This paper investigates the global macroeconomic consequences of country-specific oil-supply shocks....
The aim of this paper is to investigate how major net oil exporter economies react to oil price shoc...
We employ a set of sign restrictions on the generalized impulse responses of a Global VAR model, est...
We employ a set of sign restrictions on the impulse responses of a Global VAR model, estimated for 3...
It is common political practice to blame the presently poor performance of OECD economies on huge ra...
This study investigates the effects of oil price shocks on three measures of oil exporters' and oil ...
The aim of this paper is to investigate oil price shocks’ effects and their associated transmission c...
demand-driven or supply-driven – matters in understanding the effects of oil price shocks on global ...
This study aims to examine whether a large part of the variability of trade balances and their oil a...
This paper investigates the global macroeconomic consequences of country-specific oil-supply shocks....
This paper investigates how oil price shocks affect the trade balance and terms of trade in a two co...
© 2016 Elsevier B.V. This paper investigates the global macroeconomic consequences of country-specif...
In a world scale economy considering interlinkage and interactions between countries, economic shock...
We employ a set of sign restrictions on the impulse responses of a Global VAR model, estimated for 3...
This study aims to examine the effects of oil price shocks on the overall trade- and the non-oil tra...
This paper investigates the global macroeconomic consequences of country-specific oil-supply shocks....
The aim of this paper is to investigate how major net oil exporter economies react to oil price shoc...
We employ a set of sign restrictions on the generalized impulse responses of a Global VAR model, est...
We employ a set of sign restrictions on the impulse responses of a Global VAR model, estimated for 3...
It is common political practice to blame the presently poor performance of OECD economies on huge ra...
This study investigates the effects of oil price shocks on three measures of oil exporters' and oil ...