… of crude oil into crude oil supply shocks driven by exogenous political events in the Middle
East, building on recent work in Kilian (2008a, b), and other crude oil supply shocks. This …

… the impacts of oil supply shocks on the real activity, real price of oil and real price of … oil
supply, it changed the global oil production, substantially. However, after that the production of oil …

… market (exogenous) or as a consequence of the normal functioning of the oil … of oil supply
shocks affects our assessment of the dynamic effects of supply shocks on the real price of oil …

… crude oil. Earlier findings that oil supply shocks explain only a very small fraction of movements
in the price of oil are confirmed and it is found that the importance of aggregate demand …

… oil supply and oil demand to identify the underlying demand and supply shocks in the world
crude oil … , we examine the effect of oil-demand and oil-supply shocks on the macroeconomic …

… in the literature on monetary policy, does not change our findings about the dynamic response
of the US economy to oil supply shocks and the structural change in the crude oil market. …

… , crude oil prices showed significant and unexpected variations that can be partially attributed
to exogenous oil supply shocks. … In this case, positive and significant oil supply shocks that …

… supply shock of crude oil driven by geopolitical factors in OPEC (denoted by exogenous …
shocks), other supply shocks of crude oil (denoted by other supply shocks), total demand shock …

… The latter measures the change in the quantity of oil brought about by an oil supply shock
as the change in the flow of oil production plus the change in crude oil inventories. KM14 show …

… West Texas Intermediate crude oil and other US energy prices, stock prices and exchange
rate markets during the April 2020 supply shock leading to negative WTI crude oil prices. This …