The Impact of Oil Price Shocks on the U.S. Stock Market
By Lutz Kilian, Cheolbeom Park. 2009
1,659 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment
View Paper: https://www.semanticscholar.org/paper/b2335925a9b09704384779f78bbbddbfc2213a98
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- George Filis
- Stavros Degiannakis *
- Muhammad Shahbaz
- Rangan Gupta
- Perry Sadorsky
- Ronald A. Ratti
- Paresh Kumar Narayan
- Vipin Arora
In Renewable Energy, Sustainability and the Environment
- George Filis
- Muhammad Shahbaz
- Stavros Degiannakis *
- Perry Sadorsky
- Ronald A. Ratti
- Rangan Gupta
- Wensheng Kang
- N. Apergis
Citations in the corpus
- Oil prices, tourism income and economic growth: A structural VAR approach for European Mediterranean countries (2013, methodology): “Nevertheless, as aforementioned, other findings do not provide support either in favour of the TLEG or the EDTG, whereas some studies opine in favour of bidirectional causality between tourism income and economic growth.”
- Oil price and stock returns of consumers and producers of crude oil (2015, background): “Since then, several studies have supported this asymmetric behaviour of oil price; see, for instance, Sadorsky, 1999; Kilian and Park, 2009; and Arouri, 2011.”
- The contagion effect of international crude oil price fluctuations on Chinese stock market investor sentiment (2017, background): “The improved structural vector autoregression (SVAR) model resolves these problems that VAR model cannot solve by applying constraints [39,40].”
- Harnessing jump component for crude oil volatility forecasting in the presence of extreme shocks (2019, background): “Introduction Oil price uncertainty (volatility) is crucial for many economic and financial decisions, such as portfolio allocation and risk management (see, for example, Jo, 2014; Kilian and Park, 2009; Degiannakis and Filis, 2017; Pan et al., 2017; Hughen, 2010), leading to a burgeoning literature ”
- Structural oil price shocks and policy uncertainty (2013, methodology): “We follow Kilian (2009) and Kilian and Park (2009) and take 24p .9 The long lag of 24 allows for a potentially long-delay in effects of structural oil price shocks on the policy uncertainty and for a sufficient number of lags to remove serial correlation.”
- Crude oil and stock markets: Stability, instability, and bubbles ☆ (2009, background): “…significant negative impact on real stock returns in the U.S. and 12 European oil importing countries.1 In newstrands in the literature, Kilian and Park (2007) report that only oil price increases driven by precautionary demand for oil over concern about future oil supplies negatively…”