The relationship between the price of oil and the level of economic activity is a fundamental issue in macroeconomics. There is an ongoing debate in the literature about whether positive oil price shocks cause recessions in the United States (and other oil-importing countries), and although there exists a vastempirical literature that investigates the effects of oil price shocks, thereare relatively few studies that investigate the direct effects of uncertaintyabout oil prices on the real economy. The book uses recent advances in macroeconomics and financial economics to investigate the effects of oil price shocks and uncertainty about the price of oil on the level of economic activity. INDICE: Univariate Volatility Models; Multivariate Volatility Models; Oil Price Uncertainty; The Asymmetric Effects of Oil Price Shocks.
- ISBN: 978-981-4390-67-5
- Editorial: World Scientific
- Encuadernacion: Cartoné
- Páginas: 150
- Fecha Publicación: 29/08/2012
- Nº Volúmenes: 1
- Idioma: Inglés