 | Taxing Fossil Fuels under Speculative Storage Author/Editor: Semih Tumen, Deren Unalmis, Ibrahim Unalmis, Filiz Unsal. Release Date:December, 2014 This paper investigates the mechanisms through which environmental taxes on fossil fuelusage can affect the main macroeconomic variables in the short-run. We concentrate on aparticular mechanism: more...
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 | On the Sources and Consequences of Oil Price Shocks: the Role of Storage Author/Editor: Deren Unalmis, Ibrahim Unalmis, D Filiz Unsal. Release Date:November, 2012 Building on recent work on the role of speculation and inventories in oil markets, we embed a competitive oil storage model within a DSGE model of the U.S. economy. This enables us to formally more...
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| On the Sources of Oil Price Fluctuations Author/Editor: Deren Unalmis, Ibrahim Unalmis, D Filiz Unsal. Release Date:December, 2009 Analyzing macroeconomic impacts of oil price changes requires first to investigate different sources of these changes and their distinct effects. Kilian (2009) analyzes the effects of an oil supply more...
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