The Impact of Oil Shocks in a Small Open Economy New-Keynesian Dynamic Stochastic General Equilibrium Model for an Oil-Importing Country: The Case of South Africa
This article studies the effects of foreign (real) oil price shocks on key macroeconomic variables for South Africa: a net-importer of oil. We develop and estimate a small open economy New-Keynesian dynamic stochastic general equilibrium model with a role for oil in consumption and production. The s...
Main Authors: | Gupta, R. (Author), Hollander, H. (Author), Wohar, M.E (Author) |
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Format: | Article |
Language: | English |
Published: |
Routledge
2019
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Subjects: | |
Online Access: | View Fulltext in Publisher |
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