| dc.contributor.author | Drossidis, T | |
| dc.contributor.author | Mumtaz, H | |
| dc.contributor.author | Theophilopoulou, A | |
| dc.date.accessioned | 2024-06-05T13:24:26Z | |
| dc.date.available | 2024-06-05T13:24:26Z | |
| dc.date.issued | 2024-05-31 | |
| dc.identifier.citation | Theo Drossidis, Haroon Mumtaz, Angeliki Theophilopoulou, The distributional effects of oil supply news shocks, Economics Letters, Volume 240, 2024, 111769, ISSN 0165-1765, https://doi.org/10.1016/j.econlet.2024.111769. (https://www.sciencedirect.com/science/article/pii/S0165176524002532) 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. Keywords: Oil shock; Income inequality; FAVAR; External instrument identification | en_US |
| dc.identifier.issn | 0165-1765 | |
| dc.identifier.other | 111769 | |
| dc.identifier.uri | https://qmro.qmul.ac.uk/xmlui/handle/123456789/97250 | |
| dc.description.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. | en_US |
| dc.format.extent | 111769 - ? | |
| dc.publisher | Elsevier | en_US |
| dc.relation.ispartof | Economics Letters | |
| dc.rights | This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/). | |
| dc.title | The distributional effects of oil supply news shocks | en_US |
| dc.type | Article | en_US |
| dc.rights.holder | © 2024 The Author(s). Published by Elsevier B.V. | |
| dc.identifier.doi | 10.1016/j.econlet.2024.111769 | |
| pubs.notes | Not known | en_US |
| rioxxterms.funder | Default funder | en_US |
| rioxxterms.identifier.project | Default project | en_US |
