coalition, as members did not agree on keeping the oil market tight in the face of a large negative demand shock. Yet, was OPEC … production in an attempt to raise the price of crude oil. In March 2020 the corona virus shock led to a collapse of this … prices actually reflect OPEC+ production cuts rather than other factors, like swings in demand for oil? How would the price …

for shale oil producers becomes more responsive to demand shocks when adjustment costs decline. On the empirical side, we … apply an instrumental variable approach using estimates of demand-driven oil price changes derived from a standard …

This paper develops a Bayesian VAR model to identify three structural shocks driving the European gas market: demand … depending on the underlying shock driving them. The pass-through is stronger and more persistent when gas prices are driven by … aggregate demand or supply pressures, while inventory shocks have a weaker impact. Supply shocks, moreover, are found to pass …

demand shocks. In particular, it reproduces successfully the jump in oil output of Saudi Aramco following the output collapse …

the residual demand curve, to move supply in-tandem with non-OPEC, or to offset changes in non-OPEC supply. We evaluate …

. Fifth, we find evidences that housing prices shock decreases consumption inequality while financial wealth shocks have a …

, we distinguish durable-specific demand and supply shocks, while taking into account monetary and credit conditions. Our …