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Country-specific oil supply shocks and the global economy : a counterfactual analysis
Mohaddes, Kamiar; Pesaran, M. Hashem - 2015
This paper investigates the global macroeconomic consequences of country-specific oil-supply shocks. Our contribution is both theoretical and empirical. On the theoretical side, we develop a model for the global oil market and integrate this within a compact quarterly model of the global economy...
Persistent link: https://www.econbiz.de/10010528313
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The impact of the fracking boom on Arab oil producers
Kilian, Lutz - 2016
products made from domestically produced crude oil have caused Arab oil exports to the rest of the world to decline. Third, the …
Persistent link: https://www.econbiz.de/10011422578
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The costs of favoritism : is politically-driven aid less effective?
Dreher, Axel; Klasen, Stephan; Vreeland, James Raymond; … - 2010
World Bank projects and generally find that projects that are potentially politically motivated - such as those granted to … governments holding a non-permanent seat on the United Nations Security Council or an Executive Directorship at the World Bank … Council members with higher short-term debt, however, a negative quality rating is more likely. So we find evidence that World …
Persistent link: https://www.econbiz.de/10003948233
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The determinants of election to the United Nations Security Council
Dreher, Axel; Gould, Matthew; Rablen, Matthew; … - 2012
predicts, for instance, World Bank and IMF loans. But who gets elected to the UNSC? Addressing this question empirically is not …
Persistent link: https://www.econbiz.de/10009571740
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The international economics of natural resources and growth
Thorvaldur Gylfason (contributor) - 2007
Persistent link: https://www.econbiz.de/10003497703
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Understanding the decline in the price of oil since June 2014
Baumeister, Christiane; Kilian, Lutz - 2016 - First version: January 21, 2015. This version: September 13, 2015
Some observers have conjectured that the steep decline in the price of oil between June and December 2014 resulted from positive oil supply shocks in the second half of 2014. Others have suggested that a major shock to oil price expectations occurred when in late November 2014 OPEC announced...
Persistent link: https://www.econbiz.de/10011428356
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Does drawing down the U.S. Strategic Petroleum Reserve help stabilize oil prices?
Kilian, Lutz; Zhou, Xiaoqing - 2019 - This version: July 9, 2019
We study the efficacy of releases from the U.S. Strategic Petroleum Reserve (SPR) within the context of fully specified models of the global oil market that explicitly allow for storage demand as well as unanticipated changes in the SPR. Using novel identifying strategies and evaluation methods,...
Persistent link: https://www.econbiz.de/10012033337
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Sudden stop : supply and demand shocks in the German natural gas market
Güntner, Jochen; Reif, Magnus; Wolters, Maik H. - 2024
We use a structural VAR model to study the German natural gas market and investigate the impact of the 2022 Russian supply stop on the German economy. Combining conventional and narrative sign restrictions, we find that gas supply and demand shocks have large and persistent price effects, while...
Persistent link: https://www.econbiz.de/10014576948
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Vertical integration and valuation of international oil companies
Misund, Bård; Osmundsen, Petter; Sikveland, Marius - 2014
This paper studies financial statement information from the 50 largest international oil and gas companies during 1992 to 2011 and evaluates their relation to market values. In particular, we examine how this relationship is affected by accounting method choice (successful efforts versus full...
Persistent link: https://www.econbiz.de/10010428751
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Valuation of international oil companies the RoACE era
Osmundsen, Petter; Asche, Frank; Misund, Bård; Mohn, Klaus - 2005
High oil prices are normally expected to stimulate exploration and the development of new oil and gas fields. But over the last few years, financial analysts have focused strongly on shortterm accounting return (RoACE) for benchmarking and valuation, and this has led to high capital discipline...
Persistent link: https://www.econbiz.de/10002734070