The recent plunge in oil prices has brought into question the generally accepted view that
lower oil prices are good for the US and the global economy. In this paper, using a quarterly …

Between 1986 and 2003, the annual average real price of crude oil remained below $41 per
barrel. 1 Between 2003 and 2008, however, oil prices increased by 23% on an average …

In this paper, we revisit the debate on the relationship between oil price shocks and stock
market returns by replicating the quantile-on-quantile (QQ) regression model for the US …

We investigate the impact of oil price shocks at the industry level in the Euro area for the
period 1983–2007. We use different oil price specifications and use dynamic VAR models …

Why do higher crude oil prices depress stocks? Oil price shocks appear to cause output
declines, but the magnitude and mechanism that link oil prices and output remain …

Studies identifying oil shocks using structural vector autoregressions (VARs) reach different
conclusions on the relative importance of supply and demand factors in explaining oil …

Important interaction has been established for US economic policy uncertainty with a
number of economic and financial variables including oil prices. This paper examines the …

This paper proposes a simple but comprehensive structural vector autoregressive model to
examine the underlying factors of oil price dynamics. The distinguishing feature is to …

This paper considers the macroeconomics of the oil price for the United States. It
investigates the impact of large oil price hikes in a standard VAR framework by introducing a …

This study investigates the effects of oil price shocks on three measures of oil exporters' and
oil importers' external balances: total trade balance, oil trade balance and non-oil trade …