Antonakakis, Nikolaos; Chatziantoniou, Ioannis; Filis, … - Vienna University of Economics and Business, Department … - 2014
This study examines the dynamic relationship between changes in oil prices and the economic policy uncertainty index … that economic policy uncertainty (oil price shocks) responds negatively to aggregate demand oil price shocks (economic … policy uncertainty shocks). Furthermore, during the Great Recession of 2007-2009, total spillovers increase considerably …