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Oil Price Uncertainty
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Oil Price Uncertainty

Book Details

Format Hardback or Cased Book
ISBN-10 9814390674
ISBN-13 9789814390675
Publisher World Scientific Publishing Co Pte Ltd
Imprint World Scientific Publishing Co Pte Ltd
Country of Manufacture GB
Country of Publication GB
Publication Date Sep 7th, 2012
Print length 156 Pages
Weight 418 grams
Dimensions 16.10 x 22.70 x 1.70 cms
Ksh 10,100.00
Werezi Extended Catalogue 0 in stock

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Offers an investigation of the direct effects of uncertainty about oil prices on the real economy. This title features advances in macroeconomics and financial economics to investigate the effects of oil price shocks and uncertainty about the price of oil on the level of economic activity.
The relationship between the price of oil and the level of economic activity is a fundamental issue in macroeconomics. There is an ongoing debate in the literature about whether positive oil price shocks cause recessions in the United States (and other oil-importing countries), and although there exists a vast empirical literature that investigates the effects of oil price shocks, there are relatively few studies that investigate the direct effects of uncertainty about oil prices on the real economy. The book uses recent advances in macroeconomics and financial economics to investigate the effects of oil price shocks and uncertainty about the price of oil on the level of economic activity.

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