The impact of oil price shocks: Evidence from the industries of six OECD countries
The impact of oil price shocks: Evidence from the industries of six OECD countries
复制标题
DOI：
10.1016/j.eneco.2008.06.002
复制
发表时间：
2008-11
期刊：
影响因子：
12.8
通讯作者：
Rebeca Jiménez‐Rodríguez
中科院分区：
文献类型：
--
作者：
Rebeca Jiménez‐Rodríguez
大多数关于油价冲击的宏观经济后果的研究都集中在美国的总体数据上。与这些研究相反，本文实证评估了石油价格冲击对六个经合组织国家主要制造业产出的动态影响。工业产出对油价冲击的反应模式在所考虑的四个欧洲货币联盟（EMU）国家（法国、德国、意大利和西班牙）中各不相同，但在英国和美国大致相似。此外，还报告了欧洲货币联盟国家内部石油冲击效应的跨行业异质性的证据。
Most of the studies about the macroeconomic consequences of oil price shocks have been focused on US aggregate data. In contrast to these studies, this paper empirically assesses the dynamic effect of oil price shocks on the output of the main manufacturing industries in six OECD countries. The pattern of responses to an oil price shock by industrial output is diverse across the four European Monetary Union (EMU) countries under consideration (France, Germany, Italy, and Spain), but broadly similar in the UK and the US. Moreover, evidence on cross-industry heterogeneity of oil shock effects within the EMU countries is also reported.