Do Oil Price Shocks and COVID-19 Lead to Policy Uncertainty?

Authors

  • Nagmi Moftah Aimer Department of Economics, Higher Institute of Marine Sciences Techniques Sabratha, Libya

DOI:

https://doi.org/10.30564/mmpp.v4i2.4843

Abstract

This study examines the asymmetric effects of the structural oil price shocks and COVID-19 pandemic on four uncertainty indexes. The author used the SVAR approach for the period 31-Dec-2019 to 28-Jun-2020. The results indicate that the effects are asymmetric of oil price shocks. The author also finds that COVID-19 shocks lead to positive responses to the economic policy uncertainty index. In addition, oil prices (their shocks) have a negative impact on the four indicators of uncertainty. Consequently, governments should actively take effective measures to prevent crude oil prices from shocking and maintain stable economic policies.

Keywords:

Oil price shocks, Uncertainty, COVID-19 pandemic, SVAR, IRFs

References

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How to Cite

Aimer, N. M. (2022). Do Oil Price Shocks and COVID-19 Lead to Policy Uncertainty?. Macro Management & Public Policies, 4(2), 42–54. https://doi.org/10.30564/mmpp.v4i2.4843

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