demand and supply shocks. The results show that higher macroeconomic uncertainty, as measured by higher world industrial … elasticity of oil demand and supply in the uncertain regime, or in other words, that both oil curves become steeper when … uncertainty is high. The difference in oil demand elasticities is both statistically and economically meaningful. Accordingly …

the time of the year. Most of the reversion back to oil occurs in spring and summer when demand for gas to heating and …

Italy’s domestic tourism flows during the recent years of economic recession. Indeed, the occurrence of closer tourism … dataset is made of inter-regional tourism flows among Italian regions over the 2000-12 period; across this period, 2008 to …

/1991, speculative demand shocks also played a role. Third, it is shown that temporary oil price hikes influence economic decisions that … demand shocks can emerge that to date appear to have been overlooked. …

market data. I control for contemporaneous shocks to demand and supply by constructing a detailed supply curve for fossil … generation, and intersecting it with residual demand for fossil-based electricity for every hour. Determining the marginal …