Journal article
Re-examining the dynamic causal oil-macroeconomy relationship
International review of financial analysis, v 19(4), pp 298-305
01 Sep 2010
Abstract
We investigate the cyclical component dynamics of US macroeconomic variables and oil benchmark prices in a regime-switching environment. We compare two different oil benchmark cycles, and the results indicate that WTI and Brent are not perfect substitutes in the US economy when it comes to dynamic causal oil-macroeconomic relationships. The results provide valuable information to policymakers regarding the impacts of major oil prices on different macroeconomic variables and their interrelations among the macroeconomic variables. [PUBLICATION ABSTRACT]
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25 citations in Scopus
Details
- Title
- Re-examining the dynamic causal oil-macroeconomy relationship
- Creators
- Shawkat Hammoudeh - Drexel UniversityRarnaprasad BharMark Thompson - Texas Tech UniversityMarla A Thompson - College of Engineering (1970-)
- Publication Details
- International review of financial analysis, v 19(4), pp 298-305
- Publisher
- Elsevier Science Ltd
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Economics (School of Economics); College of Engineering
- Scopus ID
- 2-s2.0-78149467653
- Other Identifier
- 991019173992804721