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Foreign Entanglements »
Article
Source: Foreign Entanglements : Estimating the Source and Size of Spillovers Across Industrial Countries
Volume/Issue: 2007/182
Series: IMF Working Papers
Author(s): Tamim Bayoumi , and Andrew Swiston
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2007
ISBN: 9781451867466
Keywords: international business cycles, vector autoregressions, correlation, equation, covariance,
VARs of real growth since 1970 are used to estimate spillovers between the U.S., euro area, Japan, and an aggregate of small industrial countries, which proxies for global shocks. U.S. and global shocks generate si...
Will Natural Gas Prices Decouple From Oil Prices Across the Pond?1 »
Article
Source: Will Natural Gas Prices Decouple From Oil Prices Across the Pond?
Volume/Issue: 2011/143
Series: IMF Working Papers
Author(s): Reinout De Bock , and Jose Gijon
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2011
ISBN: 9781455266449
Keywords: Gas exporters, Energy economics, Vector autoregressions, gas prices, oil prices, gas exports, gas price, Multiple or Simultaneous Equation Models: Time-Series Models, International Finance Forecasting and Simulation, Open Economy Macroeconomics
We show that US natural gas prices have decoupled from oil prices following substantial institutional and technological changes. We then examine how this interrelationship has evolved in Europe using data for Alger...