[1] H. Abbasi Nejad and Y. Goudarzi Farahani, Estimating the degree of accumulation of the inflation index with the FIGARCH-ARFIMA model, case study: Iran, Quart. J. Econ. Res. 14 (2013), no. 55, 1–56.
[2] H.E. Abouwafia and M.J. Chambers, Monetary policy, exchange rates and stock prices in the Middle East region, Int. Rev. Financ. Anal. 37 (2015), 14–28.
[3] R.B. Barsky and L. Kilian, Oil and the macroeconomy since the 1970s, J. Econ. Persp. 18 (2004), no. 4, 115–134.
[4] S.A. Basher, A.A. Haug, and P. Sadorsky, The impact of oil shocks on exchange rates: A Markov-switching approach, Energy Econ. 54 (2016), 11–23.
[5] O.J. Blanchard and J. Gal´ı, The macroeconomic effects of oil price shocks: Why are the 2000s so different from the 1970s?, J. Gal´ı and M.J. Gertler, (eds.), International dimensions of monetary policy, Chicago: University of Chicago Press, 2009.
[6] O.J. Blanchard and D. Quah, The dynamic effects of aggregate demand and supply disturbances, Amer. Econ. Rev. 79 (1988), no. 4, 655–673.
[7] S. Boubakri, C. Guillaumin and A. Silanine, Non-linear relationship between real commodity price volatility and real effective exchange rate: The case of commodity-exporting countries, J. Macroecon. 60 (2019), 212–228.
[8] G. Chortareas and E. Noikokyris, Oil shocks, stock market prices, and the US dividend yield decomposition, Int. Rev. Econ. Financ. 29 (2014), 639–649.
[9] E. Fakhr Attar, Effect of oil shocks on economic growth in oil-rich countries, Master’s thesis, Islamic Azad University, Central Tehran branch, 2014.
[10] M.A.R. Forhad and M.R. Alam, Impact of oil demand and supply shocks on the exchange rates of selected Southeast Asian countries, Glob. Finance J. 54 (2022), 100637.
[11] Q. Ji, S.J.H. Shahzad, E. Bouri, and M.T. Suleman, Dynamic structural impacts of oil shocks on exchange rates: lessons to learn, J. Econ. Struct. 9 (2020), no. 1, 1–19.
[12] Y. Jiang, Q. Feng, B. Mo, and H. Nie, Visiting the effects of oil price shocks on exchange rates: Quantile-on[1]quantile and causality-in-quantiles approaches, North Amer. J. Econ. Finance 52 (2020), 101161.
[13] A. Kazerouni, M.M. Bargi Osgouei, H. Asgharpour, and H. Abolhasanbeigi, Evaluating the effect of instability of oil revenues on the relationship between the exchange rate and the trade balance in Iran: a non-linear approach, Econ. Res. J. (2018), no. 126, 125–145.
[14] L. Kilian, Exogenous oil supply shocks: how big are they and how much do they matter for the US economy?, Rev. Econ. Statist. 90 (2008), no. 2, 216–240.
[15] L. Kilian, Not all oil price shocks are alike: Disentangling demand and supply shocks in the crude oil market, Amer. Econ. Rev. 99 (2009), no. 3, 1053–1069.
[16] L. Kilian and C. Park, The impact of oil price shocks on the U.S. stock market, Int. Econ. Rev. 50 (2009), 1267–1287.
[17] L. Kilian and X. Zhou, Oil supply shock redux?, Manuscript, Federal Reserve Bank of Dallas, 2019.
[18] L. Kilian and X. Zhou, Does drawing down the US Strategic Petroleum Reserve help stabilize oil prices?, J. Appl. Econ. 35 (2020), no. 6, 673–691.
[19] Y. Liu, P. Failler, J. Peng, and Y. Zheng, Time-varying relationship between crude oil price and exchange rate in the context of structural breaks, Energies 13 (2020), no. 9, p. 2395.
[20] K. Moak, History of globalization: European colonization and Bretton Woods, Developed nations and the economic impact of globalization, Palgrave Macmillan, Cham, 2017.
[21] K.S. Musa and R. Maijama’a, Causal relationship among domestic oil price, exchange rate and inflation in Nigeria: An application of VECM Granger causality procedure, Asian J. Econ. Financ. Manag. 3 (2021), no. 2, 1–13.
[22] H. Najafi Jazeh, Oil revenues and economic growth in Iran: an evaluation of alternative options for the allocation of oil revenues, Ph.D. Thesis, Allameh Tabatabai University, 2016.
[23] C. Olovsson, Oil prices in a general equilibrium model with precautionary demand for oil, Rev. Econ. Dyn. 32 (2019), 1–17.
[24] A. Pourfaraj and A. Khalegian, The effect of oil export concentration on the economic growth of OPEC member countries, Isfahan Univ. Resource Econ. Quart. 3 (2013), no. 5.
[25] D. Psychoyios, O. Missiou, and T. Dergiades, Energy based estimation of the shadow economy: The role of governance quality, Quart. Rev. Econ. Finance 80 (2021), 797–808.
[26] A. Rezazadeh, Investigating the effect of oil shocks on the exchange rate in Iran: Markov-switching nonlinear approach, Econ. Res. Policy Quart. 24 (2015), no. 144, 79–123.
[27] K. Salimi, Investigating the effect of oil shocks on exchange rate fluctuations, Master’s thesis, University of Kurdistan, Faculty of Humanities and Social Sciences, 2016.
[28] J. Suwannajak, W. Yamaka, and S. Sriboonchitta, The impact of oil shock on exchange rates in BRICS countries: A Markov switching model, N. Ngoc Thach, D.T. Ha, N.D. Trung and V. Kreinovich, (eds), Prediction and causality in econometrics and related topics, ECONVN 2021, Studies in Computational Intelligence, Springer, Cham. 983 (2022), 413–422.
[29] Z. Yildirim and A. Arifli, Oil price shocks, exchange rate and macroeconomic fluctuations in a small oil-exporting economy, Energy 219 (2021), 119527.
International Journal of Nonlinear Analysis and Applications
)