On the sources of oil price fluctuations /

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Bibliographic Details
Author / Creator:Unalmis, Deren, author.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2009.
Description:1 online resource (28 pages) : illustrations.
Language:English
Series:IMF working paper, 2227-8885 ; WP/09/285
IMF working paper ; WP/09/285.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12498317
Hidden Bibliographic Details
Other authors / contributors:Unalmis, Ibrahim, author.
Unsal, D. Filiz, author.
International Monetary Fund. Asia and Pacific Department.
ISBN:9781452740973
1452740976
1451918461
9781451918465
1462324479
9781462324477
1451874308
9781451874303
1282844725
9781282844728
9786612844720
6612844728
ISSN:2227-8885
Notes:Includes bibliographical references.
Restrictions unspecified
Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2011.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2011 HathiTrust Digital Library committed to preserve
Print version record.
Summary: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.
Other form:Print version: Unalmis, Deren. On the sources of oil price fluctuations. [Washington, D.C.] : International Monetary Fund, Asia and Pacific Dept., 2009
Standard no.:10.5089/9781451918465.001

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245 1 0 |a On the sources of oil price fluctuations /  |c prepared by Deren Unalmis, Ibrahim Unalmis, and D. Filiz Unsal. 
260 |a [Washington, D.C.] :  |b International Monetary Fund,  |c ©2009. 
300 |a 1 online resource (28 pages) :  |b illustrations. 
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490 1 |a IMF working paper,  |x 2227-8885 ;  |v WP/09/285 
504 |a Includes bibliographical references. 
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. 
588 0 |a Print version record. 
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505 0 |a Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. The Small Open Economy Model; 1. Model in Log-Linearized Form: Behavioral Equations for SOE; A. Households; B. Firms; C. Monetary and Fiscal Policy; D. Equilibrium; III. Rest of the World and the Oil Market; A. Equilibrium in the Rest of the World; 2. Model in Log-Linearized Form: Behavioral Equations for the ROW and the Oil Market; 3. Model in Log-Linearized Form: Parameters; 4. Model in Log-Linearized Form: Exogenous Processes; B. Oil Market Equilibrium; IV. Impulse Response Analysis. 
505 8 |a 5. Parameters Values Used in CalibrationA. Aggregate Demand Shocks; B. Oil Supply Shock; C. Precautionary Demand Shock; V. Conclusions; Appendix: Equilibrium Conditions; A. Households and Goods Market Equilibrium in SOE; B. Marginal Cost and Inflation Dynamics; C. Rest of the World and Oil Market Equilibrium; 1. Impulse Responses to 1 Percent Labor Productivity Shock; 2. Impulse Responses to 1 Percent Government Spending Shock; 3. Impulse Responses to 10 Percent Negative Oil Supply Shock; 4. Impulse Responses to 10 Percent Expected Negative Oil Supply Shock; References; Footnotes. 
546 |a English. 
650 0 |a Petroleum products  |x Prices  |x Econometric models. 
650 0 |a Petroleum industry and trade  |x Supply and demand  |x Econometric models. 
650 0 |a Monetary policy  |x Econometric models. 
650 0 |a Inflation (Finance)  |x Econometric models. 
650 6 |a Produits pétroliers  |x Prix  |x Modèles économétriques. 
650 6 |a Pétrole  |x Industrie et commerce  |x Offre et demande  |x Modèles économétriques. 
650 6 |a Politique monétaire  |x Modèles économétriques. 
650 6 |a Inflation  |x Modèles économétriques. 
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650 7 |a Inflation (Finance)  |x Econometric models.  |2 fast  |0 (OCoLC)fst00972453 
650 7 |a Monetary policy  |x Econometric models.  |2 fast  |0 (OCoLC)fst01025234 
655 4 |a Electronic books. 
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700 1 |a Unsal, D. Filiz,  |e author.  |0 http://id.loc.gov/authorities/names/no2010005428 
710 2 |a International Monetary Fund.  |b Asia and Pacific Department.  |0 http://id.loc.gov/authorities/names/no97006778 
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