Abstract:

Global VAR (GVAR), interconnectedness, global macroeconomic modeling, impulse responses, international business cycle, oil-demand and oil-supply shocks., oil exporters, exporters, oil prices, exporting countries, oil importers, reer, importing countries, oil-importing countries, commodity exporters, oil exporter, real effective exchange rate, oil exports, exporter, petroleum exporting countries, bilateral trade, aggregate demand, export data, commodity prices, energy exporters, trading partners, oil-exporting countries, trade flows, world economy, capital flows, international trade, open capital accounts, price fluctuations, economic cooperation, trade share, oil export, domestic production,