Browsing Handelshøyskolen BI by Subject "oil prices"
Now showing items 1-3 of 3
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Dutch Disease Dynamics Reconsidered
(CAMP Working Paper Series;4, Working paper, 2018-02)In this paper we develop the first model to incorporate the dynamic productivity consequences of both the spending effect and the resource movement effect of oil abundance. We show that doing so dramatically alters the ... -
Inflation expectations and the pass-through of oil prices
(CAMP Working Paper Series;03/2020, Working paper, 2020-06-25)Do inflation expectations and the associated pass-though of oil price shocks depend on demand and supply conditions underlying the global market for crude oil? We answer this question with a novel structural vector ... -
The Impact of U.S. Supply Shocks on the Global Oil Price
(CAMP Working Paper Series;7, Working paper, 2018-04)I examine the role of the U.S. shale oil boom in driving global oil prices. Using a structural vector autoregressive (SVAR) model that identifies separate oil supply shocks for the U.S. and OPEC, I find that U.S. supply ...