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

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 … conditions for whether the world rate of interest falls or rises are given.We also show that Industria may gain from subsidizing …

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

negative relationship between political openness and volatility in oil production, with democratic regimes exhibiting less … volatility than more autocratic regimes. This relationship holds across a number of robustness checks including using different … measures of political conditions, instrumenting for political conditions and using several measures of production volatility …

point in the history of the world's use of this key energy source. In this article I review five of the ways in which the … world of energy may have changed forever …

This paper investigates the sources of terms of trade volatility, specifically addressing the relative importance of …

A gravity model is used to assess the separate effects of exchange rate volatility and currency unions on international … exchange rate volatility, even after controlling for a host of features, including the endogenous nature of the exchange rate …

suffered most increases in output volatility as a result …

market performance in the preceding three months. This pattern strengthens in the postwar period. Third, market volatility is … volatility and other controls. Fourth, greater clarity as to jump reason also foreshadows lower volatility. Clarity in this sense …