Brunel University Research Archive(BURA) preserves and enables easy and open access to all
types of digital content. It showcases Brunel's research outputs.
Research contained within BURA is open access, although some publications may be subject
to publisher imposed embargoes. All awarded PhD theses are also archived on BURA.
Please use this identifier to cite or link to this item:
http://bura.brunel.ac.uk/handle/2438/29136| Title: | The distributional effects of oil supply news shocks |
| Authors: | Drossidis, T Mumtaz, H Theophilopoulou, A |
| Keywords: | oil shock;income inequality;FAVAR;external instrument identification |
| Issue Date: | 31-May-2024 |
| Publisher: | Elsevier |
| Citation: | Drossidis, T., Mumtaz, H. and Theophilopoulou, A. (2024) 'The distributional effects of oil supply news shocks', Economics Letters, 240, 111769, pp. 1 - 5. doi: 10.1016/j.econlet.2024.111769. |
| Abstract: | This paper uses high frequency data on the distribution of US income to investigate the heterogeneous effects of oil supply news shocks. Using a FAVAR with an external instrument, We show that these shocks have large negative effects on the left and right tail of the distribution. For low income individuals, the effect is driven by a decline in wages and proprietor’s income, while a fall in corporate profits and interest income drives the effect for affluent individuals. |
| Description: | Data availability:
Data will be made available on request. JEL classification: C32; E32; Q54. Supplementary data are available online at: https://www.sciencedirect.com/science/article/pii/S0165176524002532#appSB. |
| URI: | https://bura.brunel.ac.uk/handle/2438/29136 |
| DOI: | https://doi.org/10.1016/j.econlet.2024.111769 |
| ISSN: | 0165-1765 |
| Other Identifiers: | ORCiD: Theo Drossidis https://orcid.org/0000-0002-7324-292X ORCiD: Haroon Mumtaz https://orcid.org/0000-0002-4761-7767 ORCiD: Angeliki Theophilopoulou https://orcid.org/0000-0001-5828-928X 111769 |
| Appears in Collections: | Dept of Economics and Finance Research Papers |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| FullText.pdf | Copyright © 2024 The Author(s). Published by Elsevier B.V. This is an open access article under the CC BY license (https://creativecommons.org/licenses/by/4.0/). | 1.6 MB | Adobe PDF | View/Open |
This item is licensed under a Creative Commons License
