… -linear measures of real oil price shocks calculated as world real oil price yield more cases …
impacts on real stock returns than do real oil price shocks measured as national real oil price. …

… of oil-market specific demand shocks on the real oil price has also … demand on real oil price.
Interestingly, the cumulative effect of … We adopted Kilian's original real oil price data for 1973. …

… is that oil price uncertainty affects global real economic activity in a significantly negative
way. The impulse response analysis indicates that a doubling of oil price uncertainty shock has …

… In Section 3, we use this dataset to provide evidence that real oil price forecasts can be
more … cost for crude oil imports, which may be viewed as a proxy for the price of oil in global …

… This study assesses empirically the effects of oil price shocks on the real economic activity of
the … Evidence of a non-linear impact of oil prices on real GDP is found. In particular, oil price …

… 2009) I analyze impact of real oil price on real exchange rate of … between the real oil price
and real exchange rate over the … estimating impact of real oil prices on real exchange rates and …

… 1 shows a time series plot of real oil prices. Real oil prices were fairly constant up to the …
The 1986 oil price shock marks the first time there was a major oil price decrease. Due to the …

… The presumption in that literature is that a large response of US real GDP to oil price shocks
also means that oil price shocks explain large recessions. This is not necessarily the case, …

… real exchange rates and real oil prices. We study whether the real exchange rate is positively
related to the real oil price as … real oil prices can predict movements in real exchange rates. …

… As a measure of uncertainty about the impending real oil price, we utilize the conditional …
As indicated above, we measure uncertainty about real oil prices as the standard deviation of …