On the Sources of Oil Price Fluctuations /

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 mod...

Full description

Bibliographic Details
Main Author: Unalmis, Deren
Other Authors: Unalmis, Ibrahim, Unsal, Filiz
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2009.
Series:IMF Working Papers; Working Paper ; No. 2009/285
Online Access:Full text available on IMF
LEADER 01788cas a2200265 a 4500
001 AALejournalIMF006187
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451874303 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Unalmis, Deren. 
245 1 0 |a On the Sources of Oil Price Fluctuations /  |c Deren Unalmis, Ibrahim Unalmis, Filiz Unsal. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2009. 
300 |a 1 online resource (28 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Unalmis, Ibrahim. 
700 1 |a Unsal, Filiz. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2009/285 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2009/285/001.2009.issue-285-en.xml  |z IMF e-Library