| |
|
|
|
|
|
|
|
1. |
Record Nr. |
UNINA9910779593503321 |
|
|
Autore |
Unalmis Deren |
|
|
Titolo |
On the Sources and Consequences of Oil Price Shocks : : The Role of Storage / / Deren Unalmis, Ibrahim Unalmis, Filiz Unsal |
|
|
|
|
|
|
|
Pubbl/distr/stampa |
|
|
Washington, D.C. : , : International Monetary Fund, , 2012 |
|
|
|
|
|
|
|
ISBN |
|
1-61635-702-9 |
1-4755-9843-2 |
1-283-94779-X |
|
|
|
|
|
|
|
|
Descrizione fisica |
|
1 online resource (42 p.) |
|
|
|
|
|
|
Collana |
|
IMF Working Papers |
IMF working paper ; ; WP/12/270 |
|
|
|
|
|
|
|
|
Altri autori (Persone) |
|
UnalmisIbrahim |
UnsalFiliz |
|
|
|
|
|
|
|
|
Soggetti |
|
Petroleum products - Prices - Econometric models |
Petroleum products - Storage |
Investments: Energy |
Inflation |
Macroeconomics |
Economic Theory |
General Aggregative Models: Keynes |
Keynesian |
Post-Keynesian |
Energy and the Macroeconomy |
Energy: Demand and Supply |
Prices |
Energy: General |
Commodity Markets |
Price Level |
Deflation |
Agriculture: Aggregate Supply and Demand Analysis |
Investment & securities |
Economic theory & philosophy |
Oil prices |
Oil |
Commodity price fluctuations |
Supply shocks |
Commodities |
Economic theory |
Petroleum industry and trade |
|
|
|
|
|
|
|
|
|
|
|
|
Supply and demand |
United States |
|
|
|
|
|
|
Lingua di pubblicazione |
|
|
|
|
|
|
Formato |
Materiale a stampa |
|
|
|
|
|
Livello bibliografico |
Monografia |
|
|
|
|
|
Note generali |
|
At head of title: Research Department -- verso of t.p. |
"November 2012"-- verso of t.p. |
|
|
|
|
|
|
|
|
Nota di bibliografia |
|
Includes bibliographical references (p. 22-25). |
|
|
|
|
|
|
Nota di contenuto |
|
Cover; Contents; 1. Introduction; 2. The Model; 2.1 Households; 2.2 Firms and Production; 2.3 Monetary and Fiscal Policy; 2.4 Goods Market Equilibrium; 2.5 Storage and Oil Market Equilibrium; 3. Estimation; 3.1 Data; 3.2 Calibrated Parameters; 3.3 Prior Distributions and Estimation Results; 4. Conclusion; References; Appendix; Tables; 1. Calibrated parameters; 2. Prior distributions and posterior estimates (sample period: 1982Q1-2007Q4); 3. Variance decomposition (sample period: 1982Q1-2007Q4); 4. Variance decomposition (sample period: 2000Q1-2007Q4); Figures |
1. Impulse responses to a one standard deviation positive TFP shock2. Impulse responses to a one standard deviation positive labor productivity shock; 3. Impulse responses to a one standard deviation negative oil supply shock; 4. Impulse responses to a one standard deviation storage demand shock; 5. Impulse responses to a one standard deviation positive TFP shock with and without storage; 6. Impulse responses to a one standard deviation positive labor productivity shock with and without storage; 7. Impulse responses to a one standard deviation negative oil supplywith and without storage |
|
|
|
|
|
|
|
|
Sommario/riassunto |
|
Building on recent work on the role of speculation and inventories in oil markets, we embed a competitive oil storage model within a DSGE model of the U.S. economy. This enables us to formally analyze the impact of a (speculative) storage demand shock and to assess how the effects of various demand and supply shocks change in the presence of oil storage facility. We find that business-cycle driven oil demand shocks are the most important drivers of U.S. oil price fluctuations during 1982-2007. Disregarding the storage facility in the model causes a considerable upward bias in the estimated role of oil supply shocks in driving oil price fluctuations. Our results also confirm that a change in the composition of shocks helps explain the resilience of the macroeconomic environment to the oil price surge after 2003. Finally, speculative storage is shown to have a mitigating or amplifying role depending on the nature of the shock. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2. |
Record Nr. |
UNINA9910145012403321 |
|
|
Titolo |
Mental health and physical activity |
|
|
|
|
|
Pubbl/distr/stampa |
|
|
[Oxford], : Elsevier Ltd., ©2007- |
|
|
|
|
|
|
|
ISSN |
|
|
|
|
|
|
Descrizione fisica |
|
|
|
|
|
|
Disciplina |
|
|
|
|
|
|
Soggetti |
|
Mental health |
Exercise - Health aspects |
Mental illness |
Mental Disorders |
Mental Health |
Anxiety Disorders - therapy |
Depressive Disorder - therapy |
Exercise Therapy - psychology |
Santé mentale |
Exercice - Aspect sanitaire |
Maladies mentales |
mental disorders |
mental health |
Periodicals. |
|
|
|
|
|
|
|
|
Lingua di pubblicazione |
|
|
|
|
|
|
Formato |
Materiale a stampa |
|
|
|
|
|
Livello bibliografico |
Periodico |
|
|
|
|
|
Note generali |
|
|
|
|
|
| |