Baumeister, Christiane; Kilian, Lutz - 2016
the 1970s and has shaped how many economists think about oil price shocks. In recent years, a large literature on the … economic determinants of oil price fluctuations has emerged. Drawing on this literature, we first provide an overview of the … causes of all major oil price fluctuations between 1973 and 2014. We then discuss why oil price fluctuations remain difficult …