{"id":"https://openalex.org/W7125853180","doi":"https://doi.org/10.3390/systems14020133","title":"Subsample Analysis of Oil Revenue Shocks and Macroeconomic Policy Transmission","display_name":"Subsample Analysis of Oil Revenue Shocks and Macroeconomic Policy Transmission","publication_year":2026,"publication_date":"2026-01-27","ids":{"openalex":"https://openalex.org/W7125853180","doi":"https://doi.org/10.3390/systems14020133"},"language":"en","primary_location":{"id":"doi:10.3390/systems14020133","is_oa":true,"landing_page_url":"https://doi.org/10.3390/systems14020133","pdf_url":null,"source":{"id":"https://openalex.org/S4210219410","display_name":"Systems","issn_l":"2079-8954","issn":["2079-8954"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Systems","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://doi.org/10.3390/systems14020133","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5124015308","display_name":"Ivan Chernykh","orcid":null},"institutions":[{"id":"https://openalex.org/I204983213","display_name":"Harbin Institute of Technology","ror":"https://ror.org/01yqg2h08","country_code":"CN","type":"education","lineage":["https://openalex.org/I204983213"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Ivan Chernykh","raw_affiliation_strings":["School of Economics and Management, Harbin Institute of Technology, Harbin 150001, China"],"raw_orcid":"https://orcid.org/0009-0008-0576-1542","affiliations":[{"raw_affiliation_string":"School of Economics and Management, Harbin Institute of Technology, Harbin 150001, China","institution_ids":["https://openalex.org/I204983213"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5123975742","display_name":"Nannan Yu","orcid":null},"institutions":[{"id":"https://openalex.org/I204983213","display_name":"Harbin Institute of Technology","ror":"https://ror.org/01yqg2h08","country_code":"CN","type":"education","lineage":["https://openalex.org/I204983213"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Nannan Yu","raw_affiliation_strings":["School of Economics and Management, Harbin Institute of Technology, Harbin 150001, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Economics and Management, Harbin Institute of Technology, Harbin 150001, China","institution_ids":["https://openalex.org/I204983213"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":1600,"currency":"CHF","value_usd":1732},"apc_paid":{"value":1600,"currency":"CHF","value_usd":1732},"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.08007363,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"14","issue":"2","first_page":"133","last_page":"133"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12667","display_name":"Economic and Technological Developments in Russia","score":0.18459999561309814,"subfield":{"id":"https://openalex.org/subfields/3303","display_name":"Development"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12667","display_name":"Economic and Technological Developments in Russia","score":0.18459999561309814,"subfield":{"id":"https://openalex.org/subfields/3303","display_name":"Development"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.18060000240802765,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13186","display_name":"Russia and Soviet political economy","score":0.14100000262260437,"subfield":{"id":"https://openalex.org/subfields/3320","display_name":"Political Science and International Relations"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/revenue","display_name":"Revenue","score":0.6554999947547913},{"id":"https://openalex.org/keywords/fiscal-policy","display_name":"Fiscal policy","score":0.6528000235557556},{"id":"https://openalex.org/keywords/vector-autoregression","display_name":"Vector autoregression","score":0.48100000619888306},{"id":"https://openalex.org/keywords/oil-price","display_name":"Oil price","score":0.43860000371932983},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"Monetary policy","score":0.41769999265670776},{"id":"https://openalex.org/keywords/government-expenditure","display_name":"Government expenditure","score":0.4077000021934509},{"id":"https://openalex.org/keywords/transmission","display_name":"Transmission (telecommunications)","score":0.3937000036239624},{"id":"https://openalex.org/keywords/inflation","display_name":"Inflation (cosmology)","score":0.38530001044273376}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.847100019454956},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.678600013256073},{"id":"https://openalex.org/C195487862","wikidata":"https://www.wikidata.org/wiki/Q850210","display_name":"Revenue","level":2,"score":0.6554999947547913},{"id":"https://openalex.org/C524878704","wikidata":"https://www.wikidata.org/wiki/Q187021","display_name":"Fiscal policy","level":2,"score":0.6528000235557556},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.49309998750686646},{"id":"https://openalex.org/C133029050","wikidata":"https://www.wikidata.org/wiki/Q385593","display_name":"Vector autoregression","level":2,"score":0.48100000619888306},{"id":"https://openalex.org/C2984556133","wikidata":"https://www.wikidata.org/wiki/Q297279","display_name":"Oil price","level":2,"score":0.43860000371932983},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.41769999265670776},{"id":"https://openalex.org/C2992690401","wikidata":"https://www.wikidata.org/wiki/Q7257739","display_name":"Government expenditure","level":3,"score":0.4077000021934509},{"id":"https://openalex.org/C761482","wikidata":"https://www.wikidata.org/wiki/Q118093","display_name":"Transmission (telecommunications)","level":2,"score":0.3937000036239624},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.38530001044273376},{"id":"https://openalex.org/C55986821","wikidata":"https://www.wikidata.org/wiki/Q1188791","display_name":"Macroeconomic model","level":2,"score":0.34850001335144043},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3450999855995178},{"id":"https://openalex.org/C79355281","wikidata":"https://www.wikidata.org/wiki/Q192523","display_name":"Dutch disease","level":3,"score":0.3443000018596649},{"id":"https://openalex.org/C2987168347","wikidata":"https://www.wikidata.org/wiki/Q22656","display_name":"Crude oil","level":2,"score":0.3208000063896179},{"id":"https://openalex.org/C119693030","wikidata":"https://www.wikidata.org/wiki/Q2180497","display_name":"Economic model","level":2,"score":0.3158999979496002},{"id":"https://openalex.org/C2983848023","wikidata":"https://www.wikidata.org/wiki/Q733553","display_name":"Transmission channel","level":3,"score":0.3151000142097473},{"id":"https://openalex.org/C120936955","wikidata":"https://www.wikidata.org/wiki/Q2155640","display_name":"Empirical research","level":2,"score":0.3010999858379364},{"id":"https://openalex.org/C193991484","wikidata":"https://www.wikidata.org/wiki/Q2509483","display_name":"Government revenue","level":3,"score":0.2971000075340271},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.2872999906539917},{"id":"https://openalex.org/C166052673","wikidata":"https://www.wikidata.org/wiki/Q83021","display_name":"Empirical evidence","level":2,"score":0.28439998626708984},{"id":"https://openalex.org/C83873408","wikidata":"https://www.wikidata.org/wiki/Q192311","display_name":"Business cycle","level":2,"score":0.2784999907016754},{"id":"https://openalex.org/C204208750","wikidata":"https://www.wikidata.org/wiki/Q1519415","display_name":"Short run","level":2,"score":0.26669999957084656},{"id":"https://openalex.org/C2992735868","wikidata":"https://www.wikidata.org/wiki/Q66344","display_name":"Central bank","level":3,"score":0.265500009059906}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.3390/systems14020133","is_oa":true,"landing_page_url":"https://doi.org/10.3390/systems14020133","pdf_url":null,"source":{"id":"https://openalex.org/S4210219410","display_name":"Systems","issn_l":"2079-8954","issn":["2079-8954"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Systems","raw_type":"journal-article"},{"id":"pmh:oai:doaj.org/article:27030e1b8be44ef68f1a602340986767","is_oa":false,"landing_page_url":"https://doaj.org/article/27030e1b8be44ef68f1a602340986767","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Systems, Vol 14, Iss 2, p 133 (2026)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.3390/systems14020133","is_oa":true,"landing_page_url":"https://doi.org/10.3390/systems14020133","pdf_url":null,"source":{"id":"https://openalex.org/S4210219410","display_name":"Systems","issn_l":"2079-8954","issn":["2079-8954"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Systems","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.45122799277305603}],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":25,"referenced_works":["https://openalex.org/W1518940614","https://openalex.org/W1968068531","https://openalex.org/W1979979245","https://openalex.org/W2099036148","https://openalex.org/W2214102838","https://openalex.org/W2218597676","https://openalex.org/W2235914099","https://openalex.org/W2313695310","https://openalex.org/W2605128820","https://openalex.org/W2735105219","https://openalex.org/W2770058355","https://openalex.org/W2894075408","https://openalex.org/W2900039637","https://openalex.org/W2981405185","https://openalex.org/W2989741100","https://openalex.org/W3034635818","https://openalex.org/W3043576779","https://openalex.org/W3093268667","https://openalex.org/W3159797044","https://openalex.org/W3174573243","https://openalex.org/W3211717620","https://openalex.org/W4220913347","https://openalex.org/W4225270034","https://openalex.org/W4385376135","https://openalex.org/W4400624767"],"related_works":[],"abstract_inverted_index":{"This":[0],"research":[1,79],"examines":[2],"the":[3,19,25,41,48,57,62,81,105,111,130,138,144],"impact":[4],"of":[5,21,51],"positive":[6],"crude":[7],"oil":[8,150,171],"revenue":[9,172],"shocks":[10,173],"on":[11,24,104,140,149],"Russia\u2019s":[12],"macroeconomic":[13,22,54,155],"policy":[14,23,52,156],"and":[15,27,35,53,73,159],"economic":[16,147],"development,":[17],"analyzes":[18],"effects":[20,30,124],"economy,":[26],"compares":[28],"these":[29],"across":[31],"two":[32],"subsamples":[33],"(2005\u20132013":[34],"2015\u20132019).":[36],"The":[37],"study":[38],"proves":[39],"that":[40],"full":[42],"2005\u20132019":[43],"model":[44],"fails":[45],"to":[46,94,166,170],"capture":[47],"transmission":[49],"responses":[50],"variables":[55],"after":[56,85,109,128,152,174],"significant":[58],"structural":[59],"shift":[60],"in":[61,168],"post-2014":[63],"period,":[64],"while":[65],"subsample":[66],"models":[67],"each":[68],"provide":[69],"a":[70,101],"better":[71],"fit":[72],"more":[74,133],"accurate":[75],"results.":[76],"Our":[77],"empirical":[78],"provides":[80],"following":[82],"insights:":[83],"First,":[84],"2014,":[86,129],"fiscal":[87,141],"expansion":[88],"shifted":[89,163],"from":[90,164],"an":[91,95],"anti-inflationary":[92,118],"tool":[93],"inflationary":[96],"driver":[97],"as":[98,100],"well":[99],"depreciating":[102],"force":[103],"national":[106],"currency.":[107],"Second,":[108],"2014":[110],"monetary":[112],"policy\u2019s":[113],"tight":[114],"stance":[115],"became":[116],"explicitly":[117],"compared":[119],"with":[120],"its":[121],"direct":[122],"opposite":[123],"before":[125],"2014.":[126,153,175],"Third,":[127],"central":[131],"bank\u2019s":[132],"dominant":[134],"inflation-targeting":[135],"regime":[136],"tightened":[137],"constraints":[139],"policy.":[142],"Fourth,":[143],"Russian":[145],"Federation\u2019s":[146],"dependence":[148],"diminished":[151],"Finally,":[154],"(government":[157],"expenditure":[158],"key":[160],"interest":[161],"rate)":[162],"procyclical":[165],"countercyclical":[167],"response":[169]},"counts_by_year":[],"updated_date":"2026-06-11T09:08:48.828518","created_date":"2026-01-28T00:00:00"}