The Economic Effects of Energy Price Shocks

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How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Do Oil Price Increases Cause Higher Food Prices (2014, neutral): “Their lack of predictive power for the real price of oil invalidates the use of conventional instrumental variable estimators (see Kilian, 2008a, b).”
Time Variation in the Inflation Passthrough of Energy Prices (2009, neutral): “Useful surveys of the economic literature on energy prices can be found in Segal (2007) and Kilian (2008).”
Time-Varying Effects of Oil Supply Shocks on the US Economy (2008, positive): “However, it is now commonly accepted that oil prices, especially in more recent decades, are also driven by demand conditions (see BK 2002, 2004; Hamilton 2003, 2008a; Kilian 2008a; Rotemberg 2007).”
Macroeconomic impacts of oil price shocks in Asian economies (2015, background): “…number of studies have analyzed the relationship between oil prices and real economic activity since the seminal paper by Hamilton (1983), focusing on the recessionary effect of unexpected oil price increases (see Brown and Yücel (2002), Kilian (2008) and Hamilton (2008) for detailed surveys).”