Sectoral job creation and destruction responses to oil price changes

Article Abstract:

The effects of oil price shocks on the creation and destruction of the U.S. manufacturing jobs from 1972 to 1988 were studied based on specific sector vector autoregressions (VARs). The study concluded that both oil and monetary shocks generated greater short-run responses in job destruction than job creation in almost every sector and employment growth declined due to an increase in the oil price but had little effect when there was a decrease in the oil price.

Labor force information, Manufacturing industry, Manufacturing industries, Forecasts and trends, Employment, Market trend/market analysis, Labor market, Labour market

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A quantitative analysis of oil-price shocks, systematic monetary policy, and economic downturns

Article Abstract:

The calibrated general equilibrium model in which oil use is tied to the variable rate capital utilization is analyzed to study the consequence of oil-price shocks. The reports show that the relative contribution of oil-price shocks and monetary policies to economic downturns are similar in both the flexible and sticky price versions of the model.

Models, Monetary policy, Equilibrium (Economics)

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A monthly crude oil spot price forecasting model using relative inventories

Article Abstract:

A model for forecasting short-term monthly crude oil spot prices for West Texas Intermediate based on Organization for Economic Co-operation and Development's (OECD) industrial petroleum inventory data is presented.

Market information - general, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Crude Petroleum & Natural Gas, Petroleum refining, Methods, Petroleum industry, Organization for Economic Cooperation and Development, Forecasting, Company business forecast/projection, Company forecasts, Inventory data, West Texas Intermediate

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