We replicate and update the results of Kilian (2009) to include the period since the financial
crisis. We separate the drivers of the price of crude oil shocks into three components: oil …

Oil prices have dropped more than 50 percent since mid-2014. Establishing whether
demand or supply factors lie behind this slump is possibly useful for understanding its …

Sectoral responses to oil price shocks help determine how these shocks are transmitted
throughout the economy. Textbook treatments of oil price shocks often emphasize negative …

This paper examines the relationship between shocks to the global crude oil market and
commodity prices, and whether recent changes in US renewable energy policy have altered …

Shocks to the real price of oil may reflect oil supply shocks, shocks to the global demand for
all industrial commodities, or demand shocks that are specific to the crude oil market. Each …

This paper investigates how explicit structural shocks that characterize the endogenous
character of oil price changes affect stock-market returns in a sample of eight countries …

This paper analyzes the response of international oil producers to demand-induced
changes in the price of crude oil during 1975–2011, focusing on potential differences …

This paper uses a structural vector autoregression model to investigate the inflationary
effects of oil prices. Rather than simply infer the oil price changes as oil supply shocks, we …

This paper analyzes how global economic activity reacts to shocks in the crude oil market,
allowing that such reactions may change over time by using a Time-Varying Parameter …

The analysis explains how previous oil shocks have affected real US income. Real income
differs from aggregate economic output (GDP) because it includes the purchasing power …