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Oil Price Volatility and the Role of Speculation

Beidas-Strom, Samya - 2015

How much does speculation contribute to oil price volatility? We revisit this contentious question by estimating a sign … model of the world oil market à la Kilian and Murphy (2013), since both imply a positive co-movement of oil prices and … the contribution of speculation to short-term oil price volatility (lying between 3 and 22 percent). This estimated short …

Persistent link: https://www.econbiz.de/10013028690

Transitory and Permanent Shocks in the Global Market for Crude Oil

Rebei, Nooman - 2020

This paper documents the determinants of real oil price in the global market based on SVAR model embedding transitory and permanent shocks on oil demand and supply as well as speculative disturbances. We find evidence of significant differences in the propagation mechanisms of transitory versus...

Persistent link: https://www.econbiz.de/10012836533

Oil Prices and the Global Economy

Arezki, Rabah - 2017

alia, a useful analytical framework to explore the effects of: a change in world GDP growth; a change in the efficiency of …

Persistent link: https://www.econbiz.de/10012960587

Coping with Falling Oil Prices : The Different Fortunes of African Banks

Gueye, Cheikh Anta - 2019

This paper studies the impact of declining oil prices on banks in sub-Saharan African oil-exporting countries. Results indicate that banks respond differently to an oil shock depending on their ownership: (i) domestic banks are the most adversely impacted and experience a deterioration in asset...

Persistent link: https://www.econbiz.de/10012866905

An Analysis of OPEC's Strategic Actions, US Shale Growth and the 2014 Oil Price Crash

Behar, Alberto - 2016

In November 2014, OPEC announced a new strategy geared towards improving its market share. Oil-market analysts interpreted this as an attempt to squeeze higher-cost producers including US shale oil out of the market. Over the next year, crude oil prices crashed, with large repercussions for the...

Persistent link: https://www.econbiz.de/10012977842

Optimal Oil Production and the World Supply of Oil

Aleksandrov, Nikolay A. - 2013

strategies, world oil prices would be higher but more stable …

Persistent link: https://www.econbiz.de/10013086007

Herd Behavior in Financial Markets : A Review

Bikhchandani, Sushil - 2021

Policymakers often express concern that herding by financial market participants destabilizes markets and increases the fragility of the financial system. This paper provides an overview of the recent theoretical and empirical research on herd behavior in financial markets. It addresses the...

Persistent link: https://www.econbiz.de/10013212037

The Differential Effects of Oil Demand and Supply Shocks on the Global Economy

Cashin, Paul Anthony - 2012

We employ a set of sign restrictions on the generalized impulse responses of a Global VAR-model, estimated for 38 countries/regions over the period 1979-2011Q2, to discriminate - between supply-driven and demand-driven oil-price shocks and to study the time profile of their macroeconomic effects...

Persistent link: https://www.econbiz.de/10013098275

Domestic Petroleum Product Prices and Subsidies : Recent Developments and Reform Strategies

Coady, David P. - 2007

The paper reviews recent developments in the pass-through of international to domestic petroleum product prices, in the different fuel pricing regimes, and in fuel subsidies in a range of emerging market and developing economies. The main finding of the paper is the limited price pass-through in...

Persistent link: https://www.econbiz.de/10012777198

Granger Predictability of Oil Prices after the Great Recession

Benk, Szilard - 2019

Real oil prices surged from 2009 through 2014, comparable to the 1970's oil shock period. Standard explanations based on monopoly markup fall short since inflation remained low after 2009. This paper contributes strong evidence of Granger (1969) predictability of nominal factors to oil prices,...

Persistent link: https://www.econbiz.de/10012858386

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