Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2019.02.011 |
Oil price shocks and US economic activity | |
Herrera, Ana Maria1; Karaki, Mohamad B.2; Rangaraju, Sandeep Kumar3 | |
2019-06-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2019 |
卷号 | 129页码:89-99 |
文章类型 | Review |
语种 | 英语 |
国家 | USA; Lebanon |
英文摘要 | Our understanding of the sources of oil price fluctuations and their effects on the U.S. economy has undergone important transformations in the last decades. First, several studies have demonstrated the importance of identifying the causes of oil price fluctuations, whether they are driven by demand or supply shocks, instead of assuming that oil price changes are exogenous to the evolution of the world's economic activity. Second, new methodologies have allowed researchers to re-evaluate the functional form of the relationship between oil prices and U.S. GDP, its components and job flows. Third, significant advances have been made in understanding the relationship between oil price uncertainty, news, economic policy uncertainty and aggregate economic activity. Finally, investigations into the time-varying nature of oil price-macroeconomy relationship have provided important insights into the reasons why unexpected increases in oil prices appear to shock less now than in the 1970s. This paper reviews the studies that have contributed to these different aspects of the literature. |
英文关键词 | Oil prices Economic activity Transmission channels Supply Demand Asymmetries |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000468012900008 |
WOS关键词 | SYSTEMATIC MONETARY-POLICY ; STOCK-MARKET ; REAL GDP ; ENERGY ; MACROECONOMY ; UNCERTAINTY ; NONLINEARITIES ; INCREASES ; RESPONSES ; IMPACT |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/183702 |
专题 | 气候变化 |
作者单位 | 1.Univ Kentucky, Dept Econ, Gatton Coll Business & Econ, Lexington, KY 40506 USA; 2.Lebanese Amer Univ, Adnan Kassar Sch Business Adm, Dept Econ, 1515 Business Bldg, Beirut, Lebanon; 3.Weber State Univ, Dept Econ, Goddard Sch Business & Econ, 1337 Edvalson St,Dept 3807, Ogden, UT 84408 USA |
推荐引用方式 GB/T 7714 | Herrera, Ana Maria,Karaki, Mohamad B.,Rangaraju, Sandeep Kumar. Oil price shocks and US economic activity[J]. ENERGY POLICY,2019,129:89-99. |
APA | Herrera, Ana Maria,Karaki, Mohamad B.,&Rangaraju, Sandeep Kumar.(2019).Oil price shocks and US economic activity.ENERGY POLICY,129,89-99. |
MLA | Herrera, Ana Maria,et al."Oil price shocks and US economic activity".ENERGY POLICY 129(2019):89-99. |
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