We study the effects of crude oil price shocks on the stock market volatility of the G7
countries. We identify the causes underlying oil price shocks and gauge the impacts that oil …

Interest in oil price shocks' economic effects has grown in recent years. However, previous
studies mostly failed to clarify the dynamic transmissions of oil price shocks on …

The period from 2003 to 2008 was marked by an oil price increase comparable to the two oil
price crises in the 1970s. This paper looks in detail at the situation of the oil price crises 30 …

Changes in Oil Prices We replicated a leading analysis of the shocks affecting oil prices
found in a 2009 paper by economist Lutz Kilian. Changes in oil prices are broken down into …

I hypothesize that the price spike and collapse of 2007–2008 are driven by both changes in
both market fundamentals and speculative pressures. Contrary to arguments for a demand …

This study examines the time-varying correlations between oil prices shocks of different
types (supply-side, aggregate demand and oil-market specific demand as per Kilian (2009) …

This paper analyzes how global economic activity reacts to shocks in the crude oil market,
allowing that such reactions may change over time by using a Time-Varying Parameter …

Many observers regard the world oil market as a puzzle. Why are oil prices so volatile? Why
did prices spike in the summer of 2008, and what role did speculators play? How important …

THE past two decades have seen a series of price and quantity shocks in oil markets which
have had important consequences for most of the world's economies. The real price of oil …

From a price range between 100 and 120 USD (US dollars) per barrel in 2011–2014, the
crude oil price fell from mid-2014 onwards, reaching a level of 26 USD per barrel in January …