The US oil supply revolution and the global economy
This paper investigates the global macroeconomic consequences of falling oil prices due to the oil revolution in the USA, using a global VAR model estimated for 38 countries/regions over the period 1979Q2–2011Q2. Set identification of the US oil supply shock is achieved through imposing dynamic sign...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Springer Verlag
2019
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |