Journal ArticleDOI
Impacts of OPEC's political risk on the international crude oil prices: An empirical analysis based on the SVAR models
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TLDR
In this article, the impacts of OPEC's political risk on the fluctuations of international crude oil prices have caused widespread concern and analyzing the impacts is of great significance to the investment decisions and risk aversion strategies in the crude oil markets.About:
This article is published in Energy Economics.The article was published on 2016-06-01. It has received 106 citations till now. The article focuses on the topics: Brent Crude & Political risk.read more
Citations
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Does geopolitical risk strengthen or depress oil prices and financial liquidity? Evidence from Saudi Arabia
TL;DR: In this article, the causality of geopolitical risk, oil prices and financial liquidity in Saudi Arabia was assessed by means of wavelet analysis, which aims to investigate whether such relationships support the monetary equilibrium model.
Journal ArticleDOI
The response of the Beijing carbon emissions allowance price (BJC) to macroeconomic and energy price indices
TL;DR: In this paper, the authors employ a structural VAR model and the price of the Beijing carbon emission allowance to study the dynamic relationships among the prices of the carbon emission, economic development and the energy price of energy.
Journal ArticleDOI
Dynamic relationship of oil price shocks and country risks
TL;DR: This article investigated the relationship between oil price shocks and country risks using a Structural VAR framework for a sample of both net oil-exporting and net oil importing countries over the period January 1994-December 2014.
Journal ArticleDOI
A review of resource curse burden on inflation in Venezuela
TL;DR: In this paper, the authors reviewed whether oil prices (OP) in Venezuela affect inflation (INF) in the presence of geopolitical risk (GPR) and found that OP plays a crucial role in the formation of INF in the context of higher uncertainties.
Journal ArticleDOI
Estimating the impact of energy price reform on Saudi Arabian intergenerational welfare using the MEGIR-SA model
TL;DR: In this article, the authors investigated the intergenerational welfare impact of raising administered retail energy prices in Saudi Arabia, an example of an oil-exporting country with a fast growing population.
References
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Journal ArticleDOI
Macroeconomics and reality
TL;DR: In this article, the authors argue that the style in which their builders construct claims for a connection between these models and reality is inappropriate, to the point at which claims for identification in these models cannot be taken seriously.
Journal ArticleDOI
Statistical inference in vector autoregressions with possibly integrated processes
Hiro Y. Toda,Taku Yamamoto +1 more
TL;DR: In this paper, the authors show how to estimate VAR's formulated in levels and test general restrictions on the parameter matrices even if the processes may be integrated or cointegrated of an arbitrary order.
Posted Content
Not All Oil Price Shocks are Alike: Disentangling Demand and Supply Shocks in the Crude Oil Market
Lutz Kilian,Lutz Kilian +1 more
TL;DR: In this paper, a structural decomposition of the real price of crude oil in four components is proposed: oil supply shocks driven by political events in OPEC countries; other oil supply shock; aggregate shocks to the demand for industrial commodities; and demand shocks that are specific to the crude oil market.
Journal ArticleDOI
Not All Oil Price Shocks Are Alike: Disentangling Demand and Supply Shocks in the Crude Oil Market
TL;DR: In this article, a structural decomposition of the real price of crude oil is proposed, based on a newly developed measure of global real economic activity, and the authors estimate the dynamic effects of these shocks on the real prices of oil.
ReportDOI
Causes and Consequences of the Oil Shock of 2007–08
TL;DR: This article explored similarities and differences between the run-up of oil prices in 2007-08 and earlier oil price shocks, looking at what caused these price increases and what effects they had on the economy.