IDEAS home Printed from https://ideas.repec.org/a/taf/applec/v58y2026i8p1595-1608.html

Oil price shocks and the macroeconomy: new evidence from Eastern European countries

Author

Listed:
  • Kamal P. Upadhyaya
  • Franklin G. Mixon
  • Hem C. Basnet

Abstract

Investigates the impact of oil price fluctuations on output, inflation, and the real exchange rate in selected Eastern European countries using SVAR. Findings suggest that these countries’ macroeconomic variables are interlinked and exhibit long-term common trends. The impulse response analysis shows that these countries initially experience a contraction in real GDP following an oil price shock. However, the economies demonstrate resilience as real GDP recovers within a few quarters. Variance decomposition highlights that oil price shocks have more pronounced influence on real GDP in some countries and in the inflation rate and the real exchange rate in other countries.

Suggested Citation

  • Kamal P. Upadhyaya & Franklin G. Mixon & Hem C. Basnet, 2026. "Oil price shocks and the macroeconomy: new evidence from Eastern European countries," Applied Economics, Taylor & Francis Journals, vol. 58(8), pages 1595-1608, February.
    • Handle: RePEc:taf:applec:v:58:y:2026:i:8:p:1595-1608
    DOI: 10.1080/00036846.2025.2467291
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00036846.2025.2467291
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00036846.2025.2467291?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:applec:v:58:y:2026:i:8:p:1595-1608. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEC20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.