We investigate the effect of oil price innovations on the US stock market using a model that
nests symmetric and asymmetric responses to positive and negative oil price innovations …

Although a lot of empirical research has studied the relationship between changes in oil
price and economic activity, it is surprising that little research has been conducted on the …

This paper surveys the literature on the relationship between oil prices and the
macroeconomy in order to explain why high oil prices over the past three years do not …

This paper investigates the global macroeconomic consequences of country-specific oil-
supply shocks. Our contribution is both theoretical and empirical. On the theoretical side, we …

This paper investigates the time-varying relationship between economic/financial
uncertainty and oil price shocks in the US. A structural VAR (SVAR) model and a time …