Dehghan, Zahra

[ 1 ] - The Effect of Falling Oil Prices on Major Oil Exporting Countries through Trade and Financial Channels: A GVAR Model

The researches have generally ignored the effect of an oil price shock passing through financial channel. To fill this gap, we examine the impact of a fall in oil price on output and inflation through trade and financial channels by using a Global VAR (GVAR) model in oil-exporting countries. Our sample includes 15 OPEC and non-OPEC oil-exporting countries, 14 oil-importing countries and Europea...