https://www.nber.org/system/files/working_papers/w7755/w7755.pdf

What is an Oil Shock

Oil price shocks and stock markets in the U.S. and 13 European countries

Features of Financial Returns Modelling Price Volatility Forecasting Standard Deviations The Accuracy of Autocorrelation Estimates Testing the Random Walk Hypothesis Forecasting Trends in Prices Evidence Against the Efficiency of Futures Markets Valuing Options Appendix: A Computer Program for Modelling Financial Time Series.

Modelling Financial Time Series

https://epubs.surrey.ac.uk/1085/1/fulltext.pdf

Tourism Demand Modelling and Forecasting: A Review of Recent Research

A recent paper by Bernanke, Gertler, and Watson (1997) suggests that monetary policy could be used to eliminate any recessionary consequences of an oil price shock. This paper challenges this conclusion on two grounds. First, we question whether the Federal Reserve actually has the power to implement such a policy; for example, we consider it unlikely that additional money creation would have succeeded in reducing the Fed funds rate by 900 basis points relative to the values seen in 1974. Second, we point out that the size of the effect that Bernanke, Gertler, and Watson attribute to oil shocks is substantially smaller than that reported by other researchers, primarily due to their choice of a shorter lag length than that used by other researchers. We offer evidence in favor of the longer lag length employed by previous research and show that under this specification, even the aggressive Federal Reserve policies proposed would not have succeeded in averting a downturn.

/pdf/oil-shocks-and-aggregate-macroeconomic-behavior-the-role-of-3bjhfa4j4j.pdf

Oil Shocks and Aggregate Macroeconomic Behavior: The Role of Monetary Policy*

https://www.aeefi.com/RePEc/pdf/defi01-02.pdf

Do oil price shocks matter? Evidence for some European countries *

Oil price shocks and stock market returns: Evidence for some European countries☆

In this paper we study the impact of education on happiness in Spain using individual-level data from the European Social Survey, by means of estimating Ordinal Logit Models. We find both direct and indirect effects of education on happiness. First, we find an indirect effect of education on happiness through income and labour status. That is, we find that people with a higher education level have higher income levels and a higher probability of being employed, and thus, report higher levels of happiness. Second, and after controlling by income, labour status and other socio-economic variables, we find that education has a positive (and direct) impact on happiness. We interpret this result as evidence of a “self-confidence” or “self-estimation” effect from acquiring knowledge. Finally, we find that the direct impact of education on happiness does not depend of the level of education (primary, secondary or tertiary).

Does Education Affect Happiness? Evidence for Spain

Oil price shocks, policy uncertainty, and stock returns of oil and gas corporations

https://www.nber.org/system/files/working_papers/w9817/w9817.pdf

Fernando Perez de Gracia

Papers

Do oil price shocks matter? Evidence for some European countries *

Oil price shocks and stock market returns: Evidence for some European countries☆

Does Education Affect Happiness? Evidence for Spain

Oil price shocks, policy uncertainty, and stock returns of oil and gas corporations

Stock market cycles, financial liberalization and volatility