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 …

While the impacts of oil price changes on agricultural commodity markets are of great
interest to economists, previous studies do not differentiate oil-specific shocks from …

Oil prices are found to exert nonlinear effects on major advanced economies. Real output's
reaction is much more visible during the periods of high oil prices of the mid-1970s and early …

This paper examines how oil price shocks affect the output growth of selected MENA
countries that are considered either net exporters or net importers of this commodity, but are …

The five major oil shocks that have rattled the global economy since 1973 also had powerful
effects on financial markets. But just as the economic impact of successive oil shocks has …

Oil price shocks and monetary policy response by oil producing economies have been the
subject of important theoretical investigation in the modern literature. This topic seems to be …

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 …

This study examines the state-dependent effects of crude oil price shocks on the US
aggregate economy. Using a smooth transition vector autoregressive model, we assess the …

This study utilizes a novel method of isolating oil‐price shocks into demand and supply
driven contributors to analyze their impacts on stock returns in China. Empirical results …