دانلود مقاله ISI انگلیسی شماره 99735
کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
99735 2018 53 صفحه PDF سفارش دهید 17443 کلمه
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پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.
عنوان انگلیسی
Oil consumption, economic growth, and oil futures: The impact of long-run oil supply uncertainty on asset prices
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of Monetary Economics, Volume 94, April 2018, Pages 1-26

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پیش نمایش مقاله

چکیده انگلیسی

High levels of uncertainty about long-run oil supplies from 2005 to 2012 coincided with significant changes in oil futures markets. Motivated by this fact, this paper provides new evidence on the relations between oil consumption, oil prices, and economic growth, and builds on this evidence to develop a quantitative real business cycle model to study oil price risk. Calibrated model results can match relations between oil prices and economic quantities, and can rationalize behavior in equity and futures markets over this period as a consequence of changing risk premia driven by an increase in long-run oil supply uncertainty.

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پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.