In this Working Paper, we use the nime model to assess the macroeconomic effects of an oil price shock on the world economy. We start with an overview of the nime model, and a presentation of our modelling of oil price shocks. Next, we examine the effect of a permanent 25 per cent increase in the price of oil, under the assumption that the shock is caused by an increase in the mark-up of the oil price.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by Federal Planning Bureau, Belgium in its series Working Papers with number
0506.
For technical questions regarding this item, or to correct its listing, contact: (Dominique van der Wal).
Related research
Keywords:
Find related papers by JEL classification: C5 - Mathematical and Quantitative Methods - - Econometric Modeling F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance