Research on oil markets conducted during the last decade has challenged long-held beliefs
about the causes and consequences of oil price shocks. As the empirical and theoretical …

In this article, we provide a structured review of crude oil price dynamics. Specifically, we
summarize evidence on important factors determining oil prices, cover the impact of oil …

Following four years of relative stability at around $105 per barrel, oil prices have declined
sharply since June 2014. This paper presents a comprehensive analysis of the sources of …

This paper is dedicated to studying and modeling the interdependence between the oil
returns and exchange-rate movements of oil-exporting and oil-importing countries. Globally …

While the relationship between oil prices and stock markets is of great interest to
economists, previous studies do not differentiate oil-exporting countries from oil-importing …

This paper uses the generalized VAR framework to study the asymmetric spillover between
geopolitical risk and oil price volatility for six major regions in the world. Based on the …

We address some of the key questions that arise in forecasting the price of crude oil. What
do applied forecasters need to know about the choice of sample period and about the …

Large fluctuations in energy prices have been a distinguishing characteristic of the US
economy since the 1970s. Turmoil in the Middle East, rising energy prices in the United …

This paper uses Markov-switching models to investigate the impact of oil shocks on real
exchange rates for a sample of oil exporting and oil importing countries. This is an important …

Adding oil prices to the monetary model of exchange rates, we find that oil prices
significantly explain movements in the value of the US dollar (USD) against major currencies …