This paper examines how oil price shocks affect the output growth of selected MENA
countries that are considered either net exporters or net importers of this commodity, but are …

Many empirical studies on the oil price shock effects on the economies of oil‐exporting
countries have assumed a linear relationship between the shocks and macroeconomic …

Most of the existing studies in theoretical and empirical understanding of the
macroeconomic consequences of oil price shocks have been focused on the US economy …

This paper studies the effects of oil price shocks in the last 30years on the Brazilian and
American inflation rate and rhythm of economic activity. The Brazilian and the United States …

We employ a set of sign restrictions on the impulse responses of a Global VAR model,
estimated for 38 countries/regions over the period 1979Q2–2011Q2, as well as bounds on …

Oil shocks are generally acknowledged to have important effects on both economic activity
and macroeconomic policy. The aim of this paper is to investigate how oil price shocks affect …

The impact of oil price shocks on the macroeconomy has received a great deal of attention
since the 1970s. Initially, many empirical studies found a significant negative effect between …

We compare the macroeconomic consequences of several types of oil shocks across a set
of industrialized countries that are structurally very diverse with respect to the role of oil and …

The Iranian economy is highly vulnerable to oil price fluctuations. This paper analyzes the
dynamic relationship between oil price shocks and major macroeconomic variables in Iran …

The study investigates the influence of crude oil price shocks on the macroeconomic
performance of Africa's oil-producing countries. Eight major net oil producers, namely …