Measuring Oil Price Shocks Using Market Based Information is popular PDF and ePub book, written by Tao Wu in 2010-10, it is a fantastic choice for those who relish reading online the Technology & Engineering genre. Let's immerse ourselves in this engaging Technology & Engineering book by exploring the summary and details provided below. Remember, Measuring Oil Price Shocks Using Market Based Information can be Read Online from any device for your convenience.
Measuring Oil Price Shocks Using Market Based Information Book PDF Summary
The authors study the effects of oil-price shocks on the U.S economy combining narrative and quantitative approaches. After examining daily oil-related events since 1984, they classify them into various event types. They then develop measures of exogenous shocks that avoid endogeneity and predictability concerns. Estimation results indicate that oil-price shocks have had substantial and statistically significant effects during the last 25 years. In contrast, traditional vector auto-regression (VAR) approaches imply much weaker and insignificant effects for the same period. This discrepancy stems from the inability of VARs to separate exogenous oil-supply shocks from endogenous oil-price fluctuations driven by changes in oil demand. Illustrations.
Detail Book of Measuring Oil Price Shocks Using Market Based Information PDF
- Author : Tao Wu
- Release : 01 October 2010
- Publisher : DIANE Publishing
- ISBN : 9781437935585
- Genre : Technology & Engineering
- Total Page : 41 pages
- Language : English
- PDF File Size : 12,7 Mb
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