Unalmis, Deren
[VerfasserIn]
;
Unalmis, Ibrahim
[Sonstige Person, Familie und Körperschaft];
Unsal, D. Filiz
[Sonstige Person, Familie und Körperschaft]
Erschienen in:IMF Working Papers, Vol. , pp. 1-28, 2009
Umfang:
1 Online-Ressource (29 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.1531518
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 2009 erstellt
Beschreibung:
Analyzing macroeconomic impacts of oil price changes requires first to investigate different sources of these changes and their distinct effects. Kilian (2009) analyzes the effects of an oil supply shock, an aggregate demand shock, and a precautionary oil demand shock. The paper's aim is to model macroeconomic consequences of these shocks within a new Keynesian DSGE framework. It models a small open economy and the rest of the world together to discover both accompanying effects of oil price changes and their international transmission mechanisms. Our results indicate that different sources of oil price fluctuations bring remarkably diverse outcomes for both economies