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 i...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.展开更多
文摘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.
