Three essays on the oil-macroeconomy relationship
Florence, European University Institute, 2008 , EUI PhD theses, Department of Economics
MARAVALLE, Alessandro, Three essays on the oil-macroeconomy relationship, Florence, European University Institute, 2008 , EUI PhD theses, Department of Economics - http://hdl.handle.net/1814/10307
Retrieved from Cadmus, EUI Research Repository
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.
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.
Cadmus permanent link: http://hdl.handle.net/1814/10307
Full-text via DOI: 10.2870/991895
Series/Number: EUI PhD theses; Department of Economics
LC Subject Heading: Petroleum reserves -- Economic aspects; Petroleum industry and trade