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Pandemic, War, Inflation : Oil Markets at a Crossroads?

Baumeister, Christiane - National Bureau of Economic Research - 2023

The COVID-19 pandemic as well as the Russian invasion of Ukraine have had profound effects on the global energy landscape, with some of the longer-lasting effects still unfolding. This paper discusses how these events have reshaped the supply side of the global oil market by focusing on...

Persistent link: https://www.econbiz.de/10014322883

Historical Oil Shocks

Hamilton, James D. - 2011

post-World-War-II oil shocks reviewed include the Suez Crisis of 1956-57, the OPEC oil embargo of 1973-1974, the Iranian …

Persistent link: https://www.econbiz.de/10012461867

Understanding Crude Oil Prices

Hamilton, James D. - 2008

This paper examines the factors responsible for changes in crude oil prices. The paper reviews the statistical behavior of oil prices, relates these to the predictions of theory, and looks in detail at key features of petroleum demand and supply. Topics discussed include the role of commodity...

Persistent link: https://www.econbiz.de/10012464155

Lags, Costs, and Shocks : An Equilibrium Model of the Oil Industry

Bornstein, Gideon - 2017

the world economy. We analyze the impact of the advent of fracking on the volatility of oil prices. Our model predicts a …

Persistent link: https://www.econbiz.de/10012455258

The Simple Economics of Commodity Price Speculation

Knittel, Christopher R. - 2013

Persistent link: https://www.econbiz.de/10012459711

Pass-Through of Oil Prices to Japanese Domestic Prices

Shioji, Etsuro - 2010

In this paper, we investigate changes in the impacts of world crude oil prices on domestic prices in Japan. First, we …

Persistent link: https://www.econbiz.de/10012462762

World Equilibrium with Oil Price Increases : An Intertemporal Analysis

Marion, Nancy Peregrim - 1983

Industria. The analysis is explicitly intertemporal and takes into account endogenous changes in saving, investment and … world rate of interest(intertemporal terms of trade effects) and, for rigid wages, changes in employment. Thus Industria … gains from the intertemporal terms of trade effect if it is a net borrower and the world rate of interest falls. Precise …

Persistent link: https://www.econbiz.de/10012478029

Adjustment to Expected and Unexpected Oil Price Changes

Marion, Nancy Peregrim - 1982

For oil importers, differences in economic performance after the 1973-74 oil price increase and after the 1979-80 increase can be attributed to a number of factors, including the fact that the 1973-74 oil price increase was unexpected whereas the 1979-80 increase was largely expected. In this...

Persistent link: https://www.econbiz.de/10012478107

Oil Prices, Welfare and the Trade Balance : An Intertemporal Approach

Svensson, Lars E.O. - 1982

The paper examines welfare effects and the trade balance response to changes in the world oil prices and interest rates … for a small oil-importing economy. The trade balance is mainly seen as the difference between saving and investment, and … increases, whereas its response is ambiguous for permanent oil price increases. For a fall in the world interest rate, the trade …

Persistent link: https://www.econbiz.de/10012478114

Anticipated and Unanticipated Oil Price Increases and the Current Account

Marion, Nancy Peregrim - 1981

channels through which various types of oil price increases affect the current account. The inclusion of nontraded investment …

Persistent link: https://www.econbiz.de/10012478356