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The impact of the fracking boom on Arab oil producers
Kilian, Lutz - 2016
This article contributes to the debate about the impact of the U.S. fracking boom on U.S. oil imports, on Arab oil exports, and on the global price of crude oil. First, I investigate the extent to which this oil boom has caused Arab oil exports to the United States to decline since late 2008....
Persistent link: https://www.econbiz.de/10011422578
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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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On the impact of oil prices on sectoral inflation : evidence from world's top oil exporters and importers
Ben Salem, Leila; Nouira, Ridha; Rault, Christophe - 2024
, the country most sensitive to the oil price level is China. …
Persistent link: https://www.econbiz.de/10014451998
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Determinants of Japanese household saving behavior in the low-interest rate environment
Latsos, Sophia Anastasia; Schnabl, Gunther - 2021
This paper scrutinizes the role of prolonged, expansionary monetary policy on the savings behavior of Japanese … households, focusing on the dramatic change of the household savings rate since 1998, from high to low savings. The literature … channel but not the labor income channel. There is also evidence that rising wealth boosts savings. …
Persistent link: https://www.econbiz.de/10012485326
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Lower oil prices and the U.S. economy : is this time different?
Baumeister, Christiane; Kilian, Lutz - 2017
-oil related investment, of an increase in household savings, or of households deleveraging. …
Persistent link: https://www.econbiz.de/10011601181
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A third benefit of joint non-OPEC carbon taxes : transferring OPEC monopoly rent
Yan, Dong; Whalley, John - 2009
This paper highlights the potential for joint OECD (or non-OPEC) carbon taxes to reduce OPEC's monopoly rent and provide benefit to non-OPEC countries provided jointly agreed trigger strategies are adhered to. In traditional economic theory, the primary purpose of a carbon tax is to internalize...
Persistent link: https://www.econbiz.de/10003872304
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OPEC, shale oil, and global warming : on the importance of the order of extraction
Benchekroun, Hassan; Meijden, Gerard van der; Withagen, Cees - 2017
oil to start producing before OPEC reserves are depleted. We fully characterize the equilibrium of a cartel-fringe model … and use a calibration to examine the importance of this extraction sequence effect. While welfare under the cartel …
Persistent link: https://www.econbiz.de/10011754208
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Forty years of oil price fluctuations : why the price of oil may still surprise us
Baumeister, Christiane; Kilian, Lutz - 2016
It has been forty years since the oil crisis of 1973/74. This crisis has been one of the defining economic events of 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....
Persistent link: https://www.econbiz.de/10011431626
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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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Macroeconomic uncertainty and the impact of oil shocks
Van Robays, Ine - 2012
This paper evaluates whether macroeconomic uncertainty changes the impact of oil shocks on the oil price. Using a structural threshold VAR model, we endogenously identify different regimes of uncertainty in which we estimate the effects of oil demand and supply shocks. The results show that...
Persistent link: https://www.econbiz.de/10009621702