Oil Price Uncertainty

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 vast empirical literature that investigates the effects of oil price shocks, there are relatively few studies that investigate the direct effects of uncertainty about 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.

List of contents

Univariate Volatility Models; Multivariate Volatility Models; Oil Price Uncertainty; The Asymmetric Effects of Oil Price Shocks.

Product details

• Authors: Apostolos Serletis, Apostolos Serletis, Serletis Apostolos
• Publisher: Ingram Publishers Services
• Languages: English
• Product format: Hardback
• Released: 07.09.2012
• EAN: 9789814390675
• ISBN: 978-981-4390-67-5
• Subjects: Natural sciences, medicine, IT, technology > Natural sciences (general); Social sciences, law, business > Business > Individual industrial sectors, branches; TECHNOLOGY & ENGINEERING / Petroleum, BUSINESS & ECONOMICS / Industries / Energy, Petroleum & oil industries, Petroleum, oil and gas industries