VERA, David. The Asymmetric Effects of Oil Shocks on an Oil-exporting Economy. Cuad. econ. [online].
vol.47, n.135, pp. 3-13.
Baldini, A. (2005), "Fiscal Policy and Business Cycles in an Oil-Producing Economy: The Case of Venezuela. IMF Working Papers 05/237, International Monetary Fund. [ Links ]
Cuñado, J. and F.P de Gracia (2003), "Do Oil Price Shocks Matter? Evidence for some European Countries. Energy Economics, 25(2):137-154. [ Links ]
Davis, SJ. (1987), "Allocative Disturbances and Specific Capital in Real Business Cycle Theories". American Economic Review, 77(2):326-332. [ Links ]
Hamilton, J.D. (2003), "What is an Oil Shock?". Journal of Econometrics, 113:363-398. [ Links ]
Jiménez-Rodríguez, R. and M. Sánchez (2005), "Oil Price Shocks and Real GDP Growth: Empirical Evidence for Some OECD Countries". Applied Economics, 32(2):201-228. [ Links ]
Kilian, L. (2008), "Exogenous Oil Supply Shocks: How Big Are They and How Much Do They Matter for the U.S. Economy?" The Review of Economics and Statistics, 90(2):216-240. [ Links ]
Kilian, L. (2009), "Not All Oil Price Shocks Are Alike: Disentangling Demand and Supply Shocks in the Crude Oil Market". American Economic Review, 99(3):1053-1069. [ Links ]
Kilian, L. and R. J. Vigfusson (2009), "Pitf alls in Estimating Asymmetric Effects of Energy Price Shocks". International Finance Discussion Papers 970, Board of Governors of the Federal Reserve System (U.S.). [ Links ]
Lee, K., N. Shawn, and R. Ratti (1995), "Oil Shocks and the Macroeconomy: The Role of Price Variability". Energy Journal, 16:39-56. [ Links ]
Loungani, P. (1986), "Oil Price Shocks and the Dispersión Hypothesis". The Review of Economics and Statistics, 68(3):536-539. [ Links ]
Mork, K.A. (1989), "Oil and the Macroeconomy when Prices Go Up and Down: An Extensión of Hamilton's Results". Journal of Political Economy, 97:740-744. [ Links ]
Stock, J. H. and M.W. Watson (2002), "Has the Business Cycle Changed and Why?" NBER Working Papers 9127, National Bureau of Economic Research, Inc.10. [ Links ]
Tazhibayeva, K., A.Ter-Martirosyan, andA.M. Husain (2008), "Fiscal Policy and Economic Cycles in Oil-Exporting Countries". IMF Working Papers 08/253, International Monetary Fund.
[ Links ]