The article studies the macroeconomic impact of oil price changes driven by oil supply, oil-
specific demand and economic activity shocks in 17 highly heterogeneous countries …

There has been much interest in the causes of the steep decline in the Brent price of oil
between June and December 2014. Our analysis shows that more than half of this decline …

Oil price shocks have a statistically significant impact on real stock returns
contemporaneously and/or within the following month in the US and 13 European countries …

This paper examines the relationship between structural oil shocks and US equity markets.
The recent oil shock decomposition of Ready (2018) is reconsidered and refined, providing …

Oil price shocks have figured prominently US business cycles since the end of World War II—
although the relationship seems to have weakened during the 1990s. In addition the …

Crude oil price shocks derive from many sources, each of which may bring about different
effects on macro-economy variables and require completely different designs in macro …

Price volatility has been a central feature of the world oil market over the past several years.
Oil prices plunged to around 10/barrelinlate1998andearly1999 …

Many papers have been documenting and analysing the asymmetry and the weakening of
the oil price–macroeconomy relationship as off the early eighties. While there seems to be a …

Although studies have found an asymmetric pattern in the response of aggregate output to
oil price changes, parallel studies in stock markets have not been conclusive about their …

We investigate the oil price-macroeconomy relationship from a global perspective, by means
of a large scale macro-financial-econometric model. In addition to real activity, we consider …