Three essays on the oil-macroeconomy relationship
Title: Three essays on the oil-macroeconomy relationship
Author: MARAVALLE, Alessandro
Citation: Florence, European University Institute, 2008
Series/Number: EUI PhD theses; Department of Economics
Oil represents a key commodity in the world energy market and it is not a surprise that its price is largely viewed as one of the leading indicator of the global economic health. Therefore, the recent soaring up of the price of oil has generated a large concern about its potential e¤ects on global economic activity. Indeed, even thoughmost developped economies are generally better prepared to deal with oil shocks nowdays than in the 1970s (better conduct of monetary policies, technological progress), the e¤ective role of oil price shocks in a¤ecting macroeconomic performance is still debated. The aim of this thesis is then to investigate some aspects of the relationship between oil and the macroeconomy by means of both an empirical and a theoretical analysis.
LC Subject Heading: Petroleum reserves -- Economic aspects; Petroleum industry and trade
Defence date: 19 May 2008; Examining Board: Prof. Giancarlo Corsetti, EUI, supervisor Prof. Alejandro Cunat, London School of Economics Prof. Carlo Favero, IGIER - Bocconi University Prof. Helmut Lütkepohl, EUI; First made available online on 2 June 2015.
Type of Access: openAccess