Why are the 2000s so Different from the 1970s? A Structural Interpretation of Changes in the Macroeconomic Effects of Oil Prices
By Olivier J. Blanchard, M. Riggi. 2009
347 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment
View Paper: https://www.semanticscholar.org/paper/36d54f2433eee4c7d35a05fc28ee0529805a3c1c
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Citations in the corpus
- Time-Varying Effect of Oil Market Shocks on the Stock Market (2015, neutral): “Broadstock and Filis (2014) show that correlations between oil price shocks and stock returns are time-varying.”
- Modeling energy price dynamics: GARCH versus stochastic volatility (2016, background): “While volatility forecasting is an important problem, energy prices are widely used in macroeconomic models to analyze the interplay between these prices and the macroeconomy (see, e.g., Kilian, 2009; Peersman and Van Robays, 2012; Blanchard and Riggi, 2013).”
- Variance and Skewness in Density Predictions: A World GDP Growth Forecast Assessment (2017, positive): “This association is in line with Hamilton (2005), Jimenez-Rodriguez and Sánchez (2005), Blanchard and Gali (2007), Blanchard and Riggi (2013), among others.”
- The Great Plunge in Oil Prices: Causes, Consequences, and Policy Responses (2015, neutral): “The weaker relationship also points to a smaller response of activity to price changes at present.8 8 For the changing nature of the relationship between oil prices, and activity and inflation, see Blanchard and Galí (2008), Blanchard and Riggi (2013), and Baumeister and Peersman (2013).”