Oil Price Shocks: Causes and Consequences

By Lutz Kilian. 2014

330 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/21e411e2ae3e5d69ad151ca7f3336917e545e56e

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Citations in the corpus

The Impact of the Shale Oil Revolution on U.S. Oil and Gasoline Prices (2016, neutral): “Unexpected global oil price increases matter for U.S. real output mainly because domestic wealth is being transferred abroad when the price of imported crude oil (and hence the price of domestic fuel) increases (see Kilian 2014).”
The Role of Oil Price Shocks in Causing U.S. Recessions (2014, background): “23 role in shaping the profession’s perceptions of asymmetries and nonlinearities in the relationship between oil prices and the economy, dating back to the work of Mork (1989). Most importantly, Hamilton (2003, 2011) provided evidence of a nonlinear predictive relationship in population between net”
HOW DOES STOCK MARKET VOLATILITY REACT TO OIL PRICE SHOCKS? (2017, positive): “lusions are not affected when considering the log-transformed RV . All results presented so far rely on structural VAR models estimated on monthly variables. However, as pointed out by Baumeister and Kilian (2014), macroeconomic models used in central banks are often specified at quarterly frequency”
Interaction between oil and US dollar exchange rate: nonlinear causality, time-varying influence and structural breaks in volatility (2018, background): “Nusair and Kisswani (2016) analysed the cointegration relationship between oil prices and Asian real exchange rates by considering structural breaks in the prices.”
Lower Oil Prices and the U.S. Economy: Is This Time Different? (2017, neutral): “passed through to retail fuel prices, can explain the growth in real private consumption in Table 1 (see Edelstein and Kilian 2009; Hamilton 2009, 2013; Kilian 2014).”
Welfare and Distributional Implications of Shale Gas (2016, neutral): “The shale oil boom has resulted in some transportation-related and grade-related bottlenecks and therefore wedges between the U.S. and world oil prices (Borenstein and Kellogg 2014, Brown and others 2014, Kilian 2014a).”
The Great Plunge in Oil Prices: Causes, Consequences, and Policy Responses (2015, neutral): “25 Hamilton (2005), Kilian (2008, 2014) provide comprehensive surveys of the literature on these issues.”