The Effects of Oil Prices on the US Macroeconomy


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2017 (EN)
The Effects of Oil Prices on the US Macroeconomy (EN)

Aristotelous, Nikolaos (EN)

School of Science and Technology, MSc in Energy Management (EL)
Heracleous, Eleni (EN)
Martinopoulos, Georgios (EN)
Dergiades, Theologos (EN)

The target of this dissertation is to investigate the consequences of oil price fluctuations on two macroeconomic variables, economic growth and inflation in United States (US, hereafter). The analysis takes place in both the time and the frequency domain and the results indicate that oil prices have a significant but declining effect on the economy. Impulse responses are employed in order to quantify these effects and the findings once again verify that any causality channel running from oil prices innovations to both economic growth and inflation have an unsubstantial impact. (EN)


Oil prices (EN)
Inflation (EN)
Economic growth (EN)

Διεθνές Πανεπιστήμιο της Ελλάδος (EL)
International Hellenic University (EN)



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