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 …

This study reviews the relevant literature on oil price impacts and then applies both
asymptotic and bootstrap distribution techniques to model various oil price shocks and to …

This paper examines the impact of oil price on economic growth in seven low-income oil-
importing sub-Saharan African (SSA) countries, namely Ethiopia, Gambia, Mali …

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 …

How much does real gross domestic product (GDP) respond to unanticipated changes in the
real price of oil? Commonly used censored oil price vector autoregressive models suggest a …

There is growing evidence that the primary effect of energy price shocks on the US economy
involves a reduction in consumer spending. We quantify the direct effect on real …

This paper reports on developments in theoretical and empirical understanding of the
macroeconomic consequences of oil price shocks since 1996, when the US Department of …

Hui Guo and Kevin L. Kliesen activity:(i) the change in the dollar price of crude oil (relative
price change) and (ii) the increase in uncertainty about future prices (volatility). It should be …

Recently, significant interaction has been established for oil price shocks with some
economic and financial variables, yet our understanding of the environmental burdens of oil …

Abstract Theory restricts short-run job creation and destruction responses and cumulative
employment and job reallocation responses to allocative and aggregate shocks. We …