01788cas a2200265 a 4500 AALejournalIMF006187 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451874303 1018-5941 BD-DhAAL BD-DhAAL Unalmis, Deren. On the Sources of Oil Price Fluctuations / Deren Unalmis, Ibrahim Unalmis, Filiz Unsal. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (28 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Unalmis, Ibrahim. Unsal, Filiz. IMF Working Papers; Working Paper ; No. 2009/285 Full text available on IMF http://elibrary.imf.org/view/journals/001/2009/285/001.2009.issue-285-en.xml IMF e-Library