On the sources of oil price fluctuations / prepared by Deren Unalmis, Ibrahim Unalmis, and D. Filiz Unsal.
Analyzing macroeconomic impacts of oil price changes requires first to investigate different sources of these changes and their distinct effects. Kilian (2009) analyzes the effects of an oil supply shock, an aggregate demand shock, and a precautionary oil demand shock. The paper's aim is to mod...
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