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Retail Energy Prices and Consumer Expenditures

Edelstein, Paul; Kilian, Lutz - C.E.P.R. Discussion Papers - 2007

, aggregate unemployment, or consumer expectations. The absence of such an effect, despite a comparatively large effect of energy …

Persistent link: https://www.econbiz.de/10005504244

Modeling Fluctuations in the Global Demand for Commodities

Kilian, Lutz; Zhou, Xiaoqing - 2017

It is widely understood that the real price of globally traded commodities is determined by the forces of demand and supply. One of the main determinants of the real price of commodities is shifts in the demand for commodities associated with unexpected fluctuations in global real economic...

Persistent link: https://www.econbiz.de/10011777614

Modeling fluctuations in the global demand for commodities

Kilian, Lutz; Zhou, Xiaoqing - In: Journal of international money and finance 88 (2018), pp. 54-78

Persistent link: https://www.econbiz.de/10012000868

Modeling fluctuations in the global demand for commodities

Kilian, Lutz; Zhou, Xiaoqing - 2017

Persistent link: https://www.econbiz.de/10011754229

Quantifying the speculative component in the real price of oil: The role of global oil inventories

Kilian, Lutz; Lee, Thomas K. - In: Journal of International Money and Finance 42 (2014) C, pp. 71-87

2011 shifted expectations in oil markets, resulting in a price increase of between 3 and 13 dollars, depending on the …

Persistent link: https://www.econbiz.de/10011048456

Quantifying the Speculative Component in the Real Price of Oil: The Role of Global Oil Inventories

Kilian, Lutz; Lee, Thomas K - C.E.P.R. Discussion Papers - 2013

2011 shifted expectations in oil markets, resulting in a price increase of between 3 and 13 dollars, depending on the …

Persistent link: https://www.econbiz.de/10011083911

Does Drawing Down the U.S. Strategic Petroleum Reserve Help Stabilize Oil Prices?

Kilian, Lutz; Zhou, Xiaoqin - 2019

We study the efficacy of releases from the U.S. Strategic Petroleum Reserve (SPR) within the context of fully specified models of the global oil market that explicitly allow for storage demand as well as unanticipated changes in the SPR. Using novel identifying strategies and evaluation methods,...

Persistent link: https://www.econbiz.de/10012052859

Oil Prices, Gasoline Prices and Inflation Expectations: A New Model and New Facts

Kilian, Lutz; Zhou, Xiaoqing - 2020

The conventional wisdom that inflation expectations respond to the level of the price of oil (or the price of gasoline … price shocks may indeed drive one-year household inflation expectations. The model shows that there have been several such … episodes since 1990. In particular, the rise in household inflation expectations between 2009 and 2013 is almost entirely …

Persistent link: https://www.econbiz.de/10012269586

Oil prices, gasoline prices and inflation expectations: A new model and new facts

Kilian, Lutz; Zhou, Xiaoqing - 2020

Persistent link: https://www.econbiz.de/10012321903

Does drawing down the U.S. strategic petroleum reserve help stabilize oil prices?

Kilian, Lutz; Zhou, Xiaoqing - 2020

We study the effects of releases from the U.S. Strategic Petroleum Reserve (SPR) within the context of fully specified models of the global oil market that explicitly allow for storage demand as well as unanticipated changes in the SPR. We show that historically SPR policy interventions, defined...

Persistent link: https://www.econbiz.de/10012321905