Kilian, Lutz; Zhou, Xiaoqing - 2019 - This version: July 9, 2019
the SPR contributed to the variability in the real price of oil? Second, how much would a onetime exogenous reduction in … the SPR lower the real price of oil? Third, are exogenous SPR releases partially or fully offset by increases in private … actual SPR policy interventions, consisting of sequences of exogenous changes in the SPR, at lowering the real price of oil …