Search Results

Showing results 1 to 10 of approximately 15.

(refine search)
SORT BY: PREVIOUS / NEXT
Author:Cakir Melek, Nida 

Journal Article
Cell Phone Data Suggest Persistent Differences in Work from Home by Income, Race, and Education during the Pandemic

Social-distancing policies to combat the spread of COVID-19 led to an initial spike in work from home. We use high-frequency cell phone geolocation data to assess how work from home has evolved since then. We show that work from home declined as restrictions eased but remains above pre-pandemic levels. In addition, we find that differences across income, race, and education in work from home that emerged with the pandemic persist a year later.
Economic Bulletin , Issue March 31, 2021 , Pages 4

Working Paper
The Income Share of Energy and Substitution: A Macroeconomic Approach

As the atmospheric concentration of CO2 emissions has grown to record levels, callshave grown for governments to make steeper emissions cuts, requiring to reduce an economy’s use of fossil energy dramatically. Meanwhile, in the U.S., fossil energy still met 80percent of the total energy demand as of 2019. This paper examines U.S. energy dependence, measured by its factor share, using a simple neoclassical framework in a systematicway. We find that with empirically plausible differences in substitution elasticities, particularly with a time-varying substitution elasticity between equipment ...
Research Working Paper , Paper RWP 21-18

Journal Article
What Could Resurging U.S. Energy Production Mean for the U.S. Trade Deficit?

Macro Bulletin

Journal Article
The Response of U.S. Investment to Oil Price Shocks: Does the Shale Boom Matter?

After an unprecedented decline from 2014 to 2016, the real price of oil more than doubled, renewing interest in the effects of oil price fluctuations on the U.S. economy. The oil sector has become increasingly important to the U.S. economy over the past decade, and total U.S. business fixed investment appears to have followed oil investment?s pattern in recent years. This positive correlation between oil prices and U.S. investment growth may be related to the surge in U.S. oil production known as the shale boom. {{p}} Nida ak?r Melek explores the effect of unexpected oil price changes (or ...
Economic Review , Issue Q IV , Pages 39-61

Journal Article
Evaluating a Year of Oil Price Volatility

Troy Davig, Nida ak?r Melek, Jun Nie, Lee Smith, and Didem Tzemen find changes in expectations of future oil supply relative to demand are the main drivers of the recent oil price decline.
Economic Review , Issue Q III , Pages 5-30

Journal Article
The Evolving Link between Oil Prices and U.S. Consumer Spending

Oil prices have fluctuated widely since the 1970s. Historically, consumers have tended to increase spending on non-oil goods and services when oil prices decline and cut back on such spending when oil prices rise. However, this relationship may have changed more recently. The U.S. oil sector has increased in importance in the last decade, and consequently the United States has become less reliant on oil imports. Moreover, gasoline expenditures have fallen as a share of households’ budgets. As a result, price swings may no longer have the same effect on U.S. consumption.Nida Çakır Melek ...
Economic Review , Volume v.106 , Issue no.1 , Pages 41-55

Journal Article
What could lower prices mean for U.S. oil production?

Melek estimates the effects of the recent oil price decline on 2015 oil production.
Macro Bulletin

Journal Article
What could lower prices mean for U.S. oil production?

U.S. oil and natural gas production has grown significantly since 2005, reflecting a move toward shale gas and tight oil extraction. Since 2011, the most productive tight oil and shale gas fields accounted for nearly all of the growth in U.S. energy production, due largely to extensive use of hydraulic fracturing and horizontal drilling. High energy prices made these costly technologies profitable to apply on a large scale. However, oil prices and rig counts declined sharply in 2014, calling into question whether the boom in U.S. oil production can continue. Nida ak?r Melek examines how ...
Economic Review , Issue Q I , Pages 51-69

Working Paper
The U.S. Shale Oil Boom, the Oil Export Ban, and the Economy: A General Equilibrium Analysis

This paper examines the effects of the U.S. shale oil boom in a two-country DSGE model where countries produce crude oil, refined oil products, and a non-oil good. The model incorporates different types of crude oil that are imperfect substitutes for each other as inputs into the refining sector. The model is calibrated to match oil market and macroeconomic data for the U.S. and the rest of the world (ROW). We investigate the implications of a significant increase in U.S. light crude oil production similar to the shale oil boom. Consistent with the data, our model predicts that light oil ...
Working Papers , Paper 1708

Working Paper
The U.S. Shale Oil Boom, the Oil Export Ban, and the Economy: A General Equilibrium Analysis Nida

This paper examines the e ects of the U.S. shale oil boom in a two-country DSGE model where countries produce crude oil, re ned oil products, and a non-oil good. The model in- {{p}} corporates di erent types of crude oil that are imperfect substitutes for each other as inputs into the re ning sector. The model is calibrated to match oil market and macroeconomic data for the U.S. and the rest of the world (ROW). {{p}} We investigate the implications of a signicant {{p}} increase in U.S. light crude oil production similar to the shale oil boom. Consistent with the data, our model predicts that ...
Research Working Paper , Paper RWP 17-10

FILTER BY year

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

Q41 5 items

F41 2 items

Q38 2 items

Q43 2 items

C52 1 items

E13 1 items

show more (17)

FILTER BY Keywords

Oil prices 6 items

Energy 4 items

Oil 4 items

DSGE 2 items

Oil production 2 items

Oil supply 2 items

show more (29)

PREVIOUS / NEXT