dynamics of oil price volatility by examining interactions between oil market and exchange rate in selected MENA countries …) to examine the presence of volatility spillover between oil prices and exchange rates return series. The econometric … rates, and ii) there is significant evidence of volatility spillovers from oil markets to exchange rate markets in the …

. -- cointegration ; oil market ; futures prices ; price discovery …We investigate the role of crude oil spot and futures prices in the process of price discovery by using a cost … contracts. The implications of these results for hedging and forecasting crude oil spot prices are also discussed …

production volatility, significantly increases the responsiveness of oil prices to oil shocks. This implies a lower price … volatility. Also the impact of oil shocks on economic activity appears to be significantly stronger in uncertain times. -- oil …This paper evaluates whether macroeconomic uncertainty changes the impact of oil shocks on the oil price. Using a …

This paper investigates the impact of oil price variations on sectoral inflation for a sample of 10 top oil importing … price on inflation tends to change across sectors and countries. Second, the inflationary effects of variations in oil … and exporting countries. Specifically, we analyze the effects of oil prices on the consumer price index using monthly data …

This paper deals with three aspects of spectacular oil price episodes such as the one witnessed in 2008. First, the … literature is that fundamental factors are the main explanation for the 2007/2008 oil price hike, but that in 1990 …/1991, speculative demand shocks also played a role. Third, it is shown that temporary oil price hikes influence economic decisions that …

fall in oil prices tends relatively quickly to lower interest rates and inflation in most countries, and increase global …The recent plunge in oil prices has brought into question the generally accepted view that lower oil prices are good … after the shock). We then re-examine the effects of low oil prices on the US economy over different sub-periods using …

Using time-varying BVARs, we find that oil price increases caused by oil supply shocks did not affect food commodity … global food commodity supply - resulting from bad harvests - have positive effects on crude oil prices since the early 2000s …

usefulness for forecasting real oil prices and global petroleum consumption. We find that world industrial production is one of … assessing future tightness of energy demand and expected oil price pressures. …

This paper analyses the informational efficiency of the WTI crude oil markets using a recently proposed quantitative … measure for market inefficiency. The procedure measures the extent to which observed oil price behaviour deviates from the … Random Walk benchmark which represents an efficient market. The key findings are, first, that crude oil market inefficiency …

This paper examines the advantages and drawbacks of alternative methods of estimating oil supply and oil demand … conclusion that the one-month oil supply elasticity is close to zero, which implies that oil demand shocks are the dominant … driver of the real price of oil. The focus of this paper is not only on correcting some misunderstandings in the recent …