Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/271219 
Erscheinungsjahr: 
2018
Schriftenreihe/Nr.: 
QMS Research Paper No. 2018/03
Verlag: 
Queen's University Belfast, Queen's Management School, Belfast
Zusammenfassung: 
This paper contributes to the large debate regarding the impact of oil price changes on U.S. GDP growth. Firstly, it replicates empirical findings of prominent studies and finds that the proposed oil price measures have a dissipating effect with recent data up to 2016Q4. Secondly, it re-examines the issue and provides evidence that oil price decreases affect the GDP growth, when taking into consideration mixed data sampling technique. Finally, it puts particular focus on nonlinearity and a possible instability and shows that combining Markov switching and mixed data sampling models allows to identify different regimes permanently changing with the Great Moderation.
Schlagwörter: 
Oil prices
GDP growth
Asymmetry
Nonlinearity
Markov switching models
Mixed Data Sampling
JEL: 
C24
E32
F43
Q43
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

Datei(en):
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