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The Effects of Oil Price Uncertainty on the

by Soojin Jo, I James, D. Hamilton, John Elder, Marjorie Flavin, Nir Jaimovich, Valerie A. Ramey, Giacomo Rondina, Rossen Valkanov For Helpful , 2012
"... Bank of Canada working papers are theoretical or empirical works-in-progress on subjects in economics and finance. The views expressed in this paper are those of the author. No responsibility for them should be attributed to the Bank of Canada. ..."
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Bank of Canada working papers are theoretical or empirical works-in-progress on subjects in economics and finance. The views expressed in this paper are those of the author. No responsibility for them should be attributed to the Bank of Canada.

Does Oil Price Uncertainty Affect Energy Use?

by Gerard H. Kupera, Daan P. Van Soestb
"... Theory predicts that the presence of fixed costs implies that the relationship between energy use and energy price changes is asymmetric, as the firm’s output and investment decisions respond differently to energy price increases and decreases. The asymmetry is exacerbated if future energy prices ar ..."
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are uncertain, but to date the empirical literature does not explicitly take uncertainty into account. The contribution of this paper is twofold. First, we develop a new measure of energy price uncertainty. Second, we apply this measure to explain energy use in fifteen OECD countries between 1978 and 1996. Our

Does oil price uncertainty transmit … Jiranyakul, K., JEFS (2014), 02(06), 16-25 Journal of Economic and Financial Studies.

by Komain Jiranyakul A
"... Does oil price uncertainty transmit to the Thai stock market? ..."
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Does oil price uncertainty transmit to the Thai stock market?

EXAMINE THE IMPACT OF OIL PRICE UNCERTAINTY ON PRIVATE SECTOR INVESTMENT IN IRAN BY USING THE GENERALIZED METHOD OF MOMENTS

by Afshin Roshanaie , Khashayar Seyed Shokri , Shahryar Nesabian
"... ABSTRACT Due to the iran economy's dependence on foreign exchange earnings from oil exports, especially in the past decades, macroeconomic variables influenced heavily by fluctuations in oil revenues. The purpose of this study is to investigate the effects of oil price uncertainty on private i ..."
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ABSTRACT Due to the iran economy's dependence on foreign exchange earnings from oil exports, especially in the past decades, macroeconomic variables influenced heavily by fluctuations in oil revenues. The purpose of this study is to investigate the effects of oil price uncertainty on private

A Service of zbw Leibniz-Informationszentrum Wirtschaft Leibniz Information Centre for Economics Oil Price Uncertainty and Sectoral Stock Returns in China: A Time-Varying Approach Oil Price Uncertainty and Sectoral Stock Returns in China: A Time-Varying A

by Caporale , Maria ; Guglielmo , Faek Ali , ; Menla , Nicola Spagnolo , Guglielmo Maria , Caporale Faek , Menla Ali , Nicola Spagnolo , Guglielmo Maria Caporale , Faek Menla , Ali , Nicola Spagnolo
"... Standard-Nutzungsbedingungen: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, ..."
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-varying impact of oil price uncertainty on stock prices in China using weekly data on ten sectoral indices over the period January 1997-Febraury 2014. Terms of use: Documents in EconStor may The estimation of a bivariate VAR-GARCH-in-mean model suggests that oil price volatility affects stock returns positively

Risks for the long run: A potential resolution of asset pricing puzzles

by Ravi Bansal, Amir Yaron - JOURNAL OF FINANCE , 1994
"... We model consumption and dividend growth rates as containing (i) a small long-run predictable component and (ii) fluctuating economic uncertainty (consumption volatility). These dynamics, for which we provide empirical support, in conjunction with Epstein and Zin’s (1989) preferences, can explain ke ..."
Abstract - Cited by 761 (63 self) - Add to MetaCart
key asset markets phenomena. In our economy, financial markets dislike economic uncertainty and better long-run growth prospects raise equity prices. The model can justify the equity premium, the risk-free rate, and the volatility of the market return, risk-free rate, and the price-dividend ratio

Non-Cooperative Collusion under ImperfectPriceInformation",Econometrica,52,87-100

by Edward J Green , Robert H Porter' , 1984
"... JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about J ..."
Abstract - Cited by 602 (5 self) - Add to MetaCart
their joint profits. This paper examines the nature of cartel self-enforcement in the presence of demand uncertainty. A model of a noncooperatively supported cartel is presented, and the aspects of industry structure which would make such a cartel viable are discussed.

Inflation and Growth

by Robert J. Barro , 1996
"... In recent years, many central banks have placed increased emphasis on price stability. Monetary policy—whether expressed in terms of interest rates or growth of monetary aggregates—has been increasingly geared toward the achievement of low and stable inflation. Central bankers and most other obs ..."
Abstract - Cited by 3577 (23 self) - Add to MetaCart
observers view price stability as a worthy objective because they think that inflation is costly. Some of these costs involve the average rate of inflation, and others relate to the variability and uncertainty of inflation. But the general idea is that businesses and households are thought to perform poorly

The Effects of Uncertainty about Oil Prices in G-7

by Don Bredin, John Elder, Stilianos Fountas
"... The failure of decreases in oil prices to produce expansions that mirror the contractions associated with higher oil prices has been a topic of considerable interest. We investigate for the G-7 one explanation for this feature- the role of uncertainty about oil prices. In particular, we examine the ..."
Abstract - Cited by 1 (0 self) - Add to MetaCart
The failure of decreases in oil prices to produce expansions that mirror the contractions associated with higher oil prices has been a topic of considerable interest. We investigate for the G-7 one explanation for this feature- the role of uncertainty about oil prices. In particular, we examine

Instrumental Variables and the Search for Identification: From Supply and Demand to Natural Experiments

by Joshua D. Angrist, Alan B. Krueger - Journal of Economic Perspectives , 2001
"... The method of instrumental variables is a signature technique in the econometrics toolkit. The canonical example, and earliest applications, of instrumental variables involved attempts to estimate demand and supply curves. 1 Economists such as P.G. Wright, Henry Schultz, Elmer Working and Ragnar Fri ..."
Abstract - Cited by 379 (3 self) - Add to MetaCart
, the source of linseed oil. 2 Wright noted the difficulty of obtaining estimates of the elasticities of supply and demand from the relationship between price and quantity 1
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