The Asymmetric Effects of Oil Price Shocks on Aggregate Demand for Goods and Services in Ghana
Procyclicality has been discovered in crude oil price shocks on aggregate demand. Most studies have used linear estimation techniques, resulting in the loss of asymmetric correlations. We disaggregate the impact of changes in oil prices into positive and negative shocks on aggregate demand and its c...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Hindawi Limited
2023-01-01
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| Series: | Journal of Energy |
| Online Access: | http://dx.doi.org/10.1155/2023/1692552 |