Energy prices and aggregate economic activity: an interpretative survey

By Stephen P. A. Brown, Mine K. Yücel. 2002

602 citations recorded by the source corpus.

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

View Paper: https://www.semanticscholar.org/paper/6ce2d8706da8b801d0b4112691fc926679556686

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Citations in the corpus

Oil Price Shocks and Stock Markets in BRICs (2011, background): “Recent studies regarding the analysis of the influence of oil price shocks on the macroeconomy include Brown and Yücel (2002), Jimenez-Rodriguez and Sanchez (2005), Cunado and Perez de Garcia (2005), Cologni and Manera (2008), and Kilian (2008).”
Oil Price Shocks and the Macroeconomy: What Has Been Learned Since 1996 (2004, background): “ Brown and Yucel (2002, p. 202) summarize their reaction as, “No follow-up studies have examined Huntington’s findings.” Considering the adjustment times in the petroleum product prices found by BBY (1998) and Borenstein, Cameron, and Gilbert (1997), it is surprising that Huntington was able to fin”
Exploiting the oil–GDP effect to support renewables deployment (2006, background): “As a result of oil-gas substitution, lower natural gas prices will tend to push oil prices down (Brown, 2003; Brown and Yücel, 2002).”
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).”
On the Influence of Oil Prices on Economic Activity and Other Macroeconomic and Financial Variables (2008, unknown): “1 See the seminal works of Hamilton (1983, 1996) and Bruno and Sachs (1985), and the surveys of Brown and Yücel (2002) and Hamilton (2005) among others.”
Energy and Economic Development: An Assessment of the State of Knowledge (2003, background): “Subsequent macroeconomic research has tended to confirm the conclusion that energy price shocks have disproportionate adverse consequences for the economy (for a recent review see Brown and Yücel, 2002).”