MARC details
000 -LEADER |
fixed length control field |
01770nam a22002417a 4500 |
003 - CONTROL NUMBER IDENTIFIER |
control field |
ZW-GwMSU |
005 - DATE AND TIME OF LATEST TRANSACTION |
control field |
20240423131036.0 |
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
fixed length control field |
230627b |||||||| |||| 00| 0 eng d |
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER |
International Standard Serial Number |
13504851 |
040 ## - CATALOGING SOURCE |
Original cataloging agency |
MSU |
Transcribing agency |
MSU |
Description conventions |
rda |
Language of cataloging |
English |
050 00 - LIBRARY OF CONGRESS CALL NUMBER |
Classification number |
HB1.A666 APP |
100 1# - MAIN ENTRY--PERSONAL NAME |
Personal name |
Maravalle, Alessandro |
Relator term |
author |
245 10 - TITLE STATEMENT |
Title |
Oil shocks and the US terms of trade: |
Remainder of title |
gauging the role of the trade channel/ |
Statement of responsibility, etc. |
created by Alessandro Maravalle |
264 1# - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE |
Place of production, publication, distribution, manufacture |
New York: |
Name of producer, publisher, distributor, manufacturer |
Taylor and Francis, |
Date of production, publication, distribution, manufacture, or copyright notice |
2013. |
336 ## - CONTENT TYPE |
Source |
rdacontent |
Content type term |
text |
Content type code |
txt |
337 ## - MEDIA TYPE |
Source |
rdamedia |
Media type term |
unmediated |
Media type code |
n |
338 ## - CARRIER TYPE |
Source |
rdacarrier |
Carrier type term |
volume |
Carrier type code |
nc |
440 ## - SERIES STATEMENT/ADDED ENTRY--TITLE |
Title |
Applied economics letters |
Volume/sequential designation |
Volume 20, number 2 |
520 3# - SUMMARY, ETC. |
Summary, etc. |
Recent theoretical literature claims that demand-driven transmission mechanisms are the key to understand how oil shocks affect the economy. Following this literature, we measure the economic strength of one of these demand-driven channels, the trade channel, in the transmission of oil shocks to the US economy. We use Kilian's (2009) decomposition of oil price shocks to identify three possible sources of oil shocks: oil supply, oil-market specific demand and global demand shocks. We then estimate the impact of each shock on the US terms of trade controlling for nonlinear effects in the sign and the size of the shocks. All oil shocks have persistent and statistically significant effects on the US terms of trade. However, we find that only oil supply shocks have an impact on the terms of trade that is nonlinear in the size of the shock. This last result is in accordance with the theoretical findings in Maravalle (forthcoming). |
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
Topical term or geographic name entry element |
Oil shocks |
Form subdivision |
Propagation mechanism |
General subdivision |
Asymmetric effects |
856 ## - ELECTRONIC LOCATION AND ACCESS |
Uniform Resource Identifier |
https://doi.org/10.1080/13504851.2012.684779 |
942 ## - ADDED ENTRY ELEMENTS (KOHA) |
Source of classification or shelving scheme |
Library of Congress Classification |
Koha item type |
Journal Article |