Oil price shock in the US and the euro area – evidence from the shadow rate and the term premium
The aim of this article is to investigate the consequences of oil price changes for the economy of the US and the euro area. Oil price transmission channel is assessed using Granger causalities and structural vector autoregressive (VAR) specifications (applying the Cholesky factorization and the res...
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| Format: | Article |
| Language: | English |
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Sciendo
2021-09-01
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| Series: | Review of Economic Perspectives |
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| Online Access: | https://doi.org/10.2478/revecp-2021-0014 |