Essays On The Impact Of Oil Price Shocks On The Macroeconomy

<p>ABSTRACT </p> <p>ESSAYS O THE IMPACT OF OIL PRICE SHOCKS O THE </p> <p>Advisor: Dr. Ana María Herrera </p> <p>Major: Economics </p> <p>Degree: Doctor of Philosophy </p> <p>MACROECOOMY </p> <p>by </p> <p>LATIKA GUPTA LAGALO </p> <p>December 2011 </p> <p>This dissertation analyzes the relationship between oil price and industrial production. </p> <p>use recently developed methods and techniques to investigate the functional form and</p> <p>structural stability of the relationship between oil prices and industrial production. In my</p> <p>first chapter, I use both slope-based tests and impulse response based tests to provide</p> <p>evidence of nonlinearity in the response of U.S. industrial production to oil price shocks</p> <p>My second essay further empirically assesses the presence (or absence) of asymmetry in</p> <p>the response of industrial production to real oil price shocks using a sample of 18</p> <p>industrialized economies using various nonlinear transformations of the price of oil. In</p> <p>my third essay I examine the impact of demand and supply shocks in the crude oil marke</p> <p>on industrial production in the U.S. as opposed to treating oil price shocks as exogenous.</p>

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Open Access Dissertation

Discipline thesis:degree_discipline

Economics

Year dc:date.available

2011

Author dc:creator

• Lagalo, Latika Gupta

Contributors dc:contributor

• ANA MARIA HERRERA

• asymmetry
• industrial production
• oil demand shocks
• Oil price
• oil supply shocks
• shocks
• Economics

Repository record dc:identifier

https://digitalcommons.wayne.edu/oa_dissertations/605

OAI identifier oai:identifier

oai:digitalcommons.wayne.edu:oa_dissertations-1604