The Global Effects of an Oil Price Shock in NiGEM

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Pub. Date
03 August, 2022
Pub. Type
Global Economic Outlook Topical Feature

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Authors

Iana Liadze

Dr Corrado Macchiarelli

Patricia Sánchez Juanino

Barry Naisbitt

Related Themes

Macro-Economic Modelling and Forecasting

Tags

Econometric ModellingPolitical Economy

In this NiGEM Topical Feature, we use our Global Econometric Model (NiGEM) to simulate the impact of a permanent shock to oil prices on the global economy, and examine the effects on output and inflation and, in particular, the monetary policy response in the US.

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