Does Indian economy asymmetrically respond to oil price shocks?

Anand, 2021, Oil shocks and stock market: Revisiting the dynamics, Energy Economics, 96 Bacon, 1991, Rockets and feathers: The asymmetric speed of adjustment of UK retail gasoline prices to cost changes, Energy Economics, 13, 211, 10.1016/0140-9883(91)90022-R Baek, 2021, Do fluctuations in crude oil prices have symmetric or asymmetric effects on the real exchange rate? Empirical evidence from Indonesia, The World Economy, 44, 312, 10.1111/twec.12987 Bala, 2018, Asymmetric impacts of oil price on inflation: An empirical study of African OPEC member countries, Energies, 11, 3017, 10.3390/en11113017 Balke, 2002, Oil price shocks and the U.S. Economy: Where does the asymmetry originate?, Energy Journal, 23, 27, 10.5547/ISSN0195-6574-EJ-Vol23-No3-2 Bernanke, 1983, Irreversibility, uncertainty, and cyclical investment, Quarterly Journal of Economics, 98, 85, 10.2307/1885568 Bernanke, 1997, Systematic monetary policy and the effects of oil price shocks, Brookings Papers on Economic Activity, 1, 91, 10.2307/2534702 Bhat, 2018, Macroeconomic response to oil and food price shocks: A structural VAR approach to the Indian economy, International Economic Journal, 32, 66, 10.1080/10168737.2018.1446038 Burbidge, 1984, Testing for the effects of oil-price rises using vector autoregressions, International Economic Review, 459, 10.2307/2526209 Cunado, 2015, Macroeconomic impacts of oil price shocks in Asian economies, Energy Policy, 86, 867, 10.1016/j.enpol.2015.05.004 Davis, 2001, Sectoral job creation and destruction responses to oil price changes, Journal of Monetary Economics, 48, 465, 10.1016/S0304-3932(01)00086-1 Dickey, 1979, Distribution of the estimators for autoregressive time series with a unit root, Journal of the American Statistical Association, 74, 427, 10.2307/2286348 Ferderer, 1996, Oil price volatility and the macroeconomy, Journal of Macroeconomics, 18, 1, 10.1016/S0164-0704(96)80001-2 Ghosh, 2014, Oil price shocks on Indian economy: Evidence from toda Yamamoto and Markov regime-switching VAR, Macroeconomics and Finance in Emerging Market Economies, 7, 122, 10.1080/17520843.2013.856333 Gisser, 1986, Crude oil and the macroeconomy: Tests of some popular notions: Note, Journal of Money, Credit, and Banking, 18, 95, 10.2307/1992323 Gupta, 2015, Impact of oil price fluctuations on Indian economy, OPEC Energy Review, 39, 141, 10.1111/opec.12046 Hamilton, 1983, Oil and the macroeconomy since world war II, Journal of Political Economy, 91, 228, 10.1086/261140 Hamilton, 1988, A neoclassical model of unemployment and the business cycle, Journal of Political Economy, 96, 593, 10.1086/261553 Hamilton, 1996, This is what happened to the oil price - macroeconomy relationship, Journal of Monetary Economics, 38, 215, 10.1016/S0304-3932(96)01282-2 Hamilton, 2003, What is an oil shock?, Journal of Econometrics, 113, 363, 10.1016/S0304-4076(02)00207-5 Hamilton, 2011, Non-linearities and the macroeconomic effects of oil prices, Macroeconomic Dynamics, 15, 364, 10.1017/S1365100511000307 Hamilton, 2004, Oil shocks and aggregate macroeconomic behavior: The role of monetary policy: A comment, Journal of Money, Credit, and Banking, 36, 265, 10.1353/mcb.2004.0012 Herrera, 2011, Oil price shocks and industrial production: Is the relationship linear?, Macroeconomic Dynamics, 15, 472, 10.1017/S1365100511000290 Herrera, 2015, Asymmetries in the response of economic activity to oil price increases and decreases?, Journal of International Money and Finance, 50, 108, 10.1016/j.jimonfin.2014.09.004 Huntington, 1998, Crude oil prices and U.S. Economic performance: Where does the asymmetry reside?, Energy Journal, 19, 107, 10.5547/ISSN0195-6574-EJ-Vol19-No4-5 2019 2021 Ji, 2020, Dynamic structural impacts of oil shocks on exchange rates: Lessons to learn, Journal of Economic Structures, 9, 1, 10.1186/s40008-020-00194-5 Kandemir Kocaaslan, 2021, Are the responses of output and investment to oil price shocks asymmetric?: The case of an oil-importing small open economy, Empirical Economics, 61, 2501, 10.1007/s00181-020-01983-4 Karaki, 2017, Non-linearities in the response of real GDP to oil price shocks, Economics Letters, 161, 146, 10.1016/j.econlet.2017.09.034 Khan, 2019, Asymmetric effects of oil price shocks on asian economies: A nonlinear analysis, Empirical Economics, 57, 1319, 10.1007/s00181-018-1487-7 Kilian, 2011, Are the responses of the U.S. economy asymmetric in energy price increases and decreases?, Quantitative Economics, 2, 419, 10.3982/QE99 Kilian, 2011, Non-linearities in the oil price-output relationship, Macroeconomic Dynamics, 15, 337, 10.1017/S1365100511000186 Kisswani, 2019, Revisiting the effects of oil prices on exchange rate: Asymmetric evidence from the ASEAN-5 countries, Economic Change and Restructuring, 52, 279, 10.1007/s10644-018-9229-6 Koop, 1996, Impulse response analysis in non-linear multivariate models, Journal of Econometrics, 74, 119, 10.1016/0304-4076(95)01753-4 Kumar, 2019, Asymmetric impact of oil prices on exchange rate and stock prices, The Quarterly Review of Economics and Finance, 72, 41, 10.1016/j.qref.2018.12.009 Lacheheb, 2019, Oil price and inflation in Algeria: A non-linear ARDL approach, The Quarterly Review of Economics and Finance, 73, 217, 10.1016/j.qref.2018.12.003 Lee, 1995, Oil shocks and the macroeconomy: The role of price variability, Energy Journal, 16, 39, 10.5547/ISSN0195-6574-EJ-Vol16-No4-2 Li, 2022, The asymmetric impacts of oil price and shocks on inflation in BRICS: A multiple threshold non-linear ARDL model, Applied Economics, 54, 1377, 10.1080/00036846.2021.1976386 Mork, 1989, Oil and the macroeconomy when prices go up and down: An extension of Hamilton's results, Journal of Political Economy, 97, 740, 10.1086/261625 Mork, 1994, Business cycles and the oil market, Energy Journal, 15, 15 Mork, 1994, Macroeconomic responses to oil price increases and decreases in seven OECD countries, Energy Journal, 15, 19 Nasir, 2018, Implications of oil prices shocks for the major emerging economies: A comparative analysis of BRICS, Energy Economics, 76, 76, 10.1016/j.eneco.2018.09.023 Nusair, 2020, The asymmetric effects of oil price changes on unemployment: Evidence from Canada and the US, The Journal of Economic Asymmetries, 21 Pal, 2016, Asymmetric oil product pricing in India: Evidence from a multiple threshold non-linear ARDL model, Economic Modelling, 59, 314, 10.1016/j.econmod.2016.08.003 Phillips, 1988, Testing for a unit root in time series regression, Biometrika, 75, 335, 10.1093/biomet/75.2.335 Pindyck, 1991, Irreversibility, uncertainty, and investment, Journal of Economic Literature, 29, 1110 Rahman, 2022, The asymmetric effects of oil price shocks on the US stock market, Energy Economics, 105, 10.1016/j.eneco.2021.105694 Ramos, 2013, Oil price asymmetric effects: Answering the puzzle in international stock markets, Energy Economics, 38, 136, 10.1016/j.eneco.2013.03.011 Razmi, 2015, The role of monetary policy in macroeconomic volatility of association of southeast asian nations-4 countries against oil price shock over time, International Journal of Energy Economics and Policy, 5, 731 Razmi, 2016, The role of monetary transmission channels in transmitting oil price shocks to prices in ASEAN-4 countries during pre-and post-global financial crisis, Energy, 101, 581, 10.1016/j.energy.2016.02.036 Sarmah, 2021, Does crude oil price affect the inflation rate and economic growth in India? A new insight based on structural VAR framework, Indian Economic Journal, 69, 123, 10.1177/0019466221998838 Serletis, 2013, Is the oil price-output relation asymmetric?, The Journal of Economic Asymmetries, 10, 10, 10.1016/j.jeca.2013.06.001 Tang, 2010, Oil price shocks and their short- and long-term effects on the Chinese economy, Energy Economics, 32 Tchatoka, 2019, Linkages between oil price shocks and stock returns revisited, Energy Economics, 82, 42, 10.1016/j.eneco.2018.02.016 Wang, 2013, Oil price shocks and stock market activities: Evidence from oil-importing and oil-exporting countries, Journal of Comparative Economics, 41, 1220, 10.1016/j.jce.2012.12.004 Xuan, 2015, Pass-through effect of oil price into consumer price: An Empirical study, International Journal of Economics and Management, 9, 143 Yalcin, 2015, Determining the asymmetric effects of oil price changes on macroeconomic variables: A case study of Turkey, Empirica, 42, 737, 10.1007/s10663-014-9274-y Zakaria, 2021, Influence of oil prices on inflation in South Asia: Some new evidence, Resources Policy, 71