Oil price shocks and their transmission mechanism in an oil-exporting economy: A VAR analysis informed by a DSGE model

•Analyzes oil price shocks and transmission mechanism in oil-exporting country, Canada.•Uses structural VAR with two-country dynamic stochastic general equilibrium model.•Controls across countries for reverse causality and for contemporaneous interaction.•Quantifies contribution of endogenous U.S. m...

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Veröffentlicht in:	Journal of international money and finance 2016-11, Vol.68, p.21-49
Hauptverfasser:	Hou, Keqiang, Mountain, Dean C., Wu, Ting
Format:	Artikel
Sprache:	eng
Schlagworte:	Canada Crude oil prices Econometrics Economic impact Exporters Interest rates Macroeconomics Monetary policy Oil price shock Sign restrictions Structural VAR Studies Two-country DSGE model
Online-Zugang:	Volltext
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