Some studies on developed economies have revealed that the impacts of oil price shocks
have decreased while conclusions about China remain occluded. We investigate the …

We present an empirical examination of the relation between real spot Brent oil prices and
real spot petroleum product prices, specifically gasoline and heating oil prices. Based upon …

Extant literature suggests that oil price shocks have a strong impact on the macroeconomy
and the stock market. However, relatively less is known about the effect of country-level …

Oil prices and many other international commodity prices have fluctuated substantially
during the recent years. For example, it took only 5 months for the price of the WTI oil to …

This paper focuses on how explicit structural shocks that characterize the endogenous
character of international oil price change affect the output volatility of the US crude oil and …

This analysis explores the effects of oil price shocks on US economic growth. We begin with
a well-known model developed by James Hamilton, consider refinements to his definition of …

We examine the asymmetric effects of oil supply shocks, shocks to global real economic
activity, and oil-specific demand shocks on the oil, non-oil and overall trade balances of a …

Oil price shocks generate heterogeneous effects across and within countries. The primary
effects of the shocks are on the supply side of the economy in oil-importing countries and on …

This paper extends previous literature that investigates the impact of crude oil prices on US
gasoline prices using a structural vector autoregressive model of the global crude oil market …

Policy makers are interested in estimates of the potential economic impacts of oil price
shocks, particularly during periods of rapid and large increases that accompany severe …