Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics

• Revisiting the Macroeconomic Impact of Oil Shocks in Asian Economies

  Staff Working Paper 2015-23 Juncal Cunado, Soojin Jo, Fernando Perez de Gracia

  This paper analyzes the macroeconomic impact of oil shocks in four of the largest oil-consuming Asian economies, using a structural vector autoregressive model. We identify three different types of oil shocks via sign restrictions: an oil supply shock, an oil demand shock driven by global economic activity and an oil-specific demand shock.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, International topics JEL Code(s): E, E3, E32, O, O5, O53, Q, Q4, Q43

• Large-Scale Asset Purchases: Impact on Commodity Prices and International Spillover Effects

  Staff Working Paper 2015-21 Sharon Kozicki, Lena Suchanek, Eric Santor

  Prices of commodities, including metals, energy and agricultural products, rose markedly over the 2009–2010 period. Some observers have attributed a significant part of this increase in commodity prices to the U.S. Federal Reserve’s large-scale asset purchase (LSAP) programs.

  Content Type(s): Staff working papers Topic(s): International topics JEL Code(s): E, E5, E58, G, G1, G14, Q, Q0, Q00