We use panel data for the US states to examine the impact of largely exogenous oil and gas
price shocks on economic growth. Unlike the rest of the literature, we examine the impacts of …

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 …

Abstract The US Energy Information Administration estimates that approximately 52% of total
US crude oil was produced from shale oil resources in 2015. We examine whether the …

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 …

We test the hypothesis that real oil prices are determined in part by refinery capacity, non-
linearities in supply conditions, and/or expectations and that observed changes in these …

The oil price shocks of the 1970's led to severe recessions in the 1980's in the United States.
Originally published in 1989 in the aftermath, Bohi attempts to show both how energy prices …

Using a comprehensive global dataset, we outline stylized facts characterizing relationships
between crude oil prices and macroeconomic developments across the world. Approaching …

First published in 1983, this book a number of collects the essays about the effects of a
sustained period of low oil prices. The opening chapter describes how oil prices have …

Dramatic increases in the price of crude oil during the last half of 2007 have ratcheted up
attention on energy policy, but cost is only one of the three oil challenges that confront the …