Showing 1 - 10 of 1,152
information about supply cuts for identification and find that gas supply and demand shocks have large and persistent price … and positive storage demand shocks, as Germany filled its inventories before the winter. Counterfactual simulations of an …
Persistent link: https://www.econbiz.de/10014560154
supply stop on the German economy. Combining conventional and narrative sign restrictions, we find that gas supply and demand … was driven by adverse supply shocks and positive storage demand shocks, as Germany filled its inventories before the …
Persistent link: https://www.econbiz.de/10014560234
This paper analyzes the response of international oil producers to demand-induced changes in the real price of oil … demand shocks within the same month, and that the corresponding impact price elasticities of supply are not statistically … different from zero. Although there is little evidence of a systematic response following a typical flow demand shock, the …
Persistent link: https://www.econbiz.de/10009793063
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 …
Persistent link: https://www.econbiz.de/10012822493
-log form of the demand function. For most countries in our sample, we find strong price responsiveness, with elasticities … significantly affect energy demand. In particular, we find households' self-reported energy saving behavior to reduce energy demand … indicating more policy space for demand reduction than previously thought …
Persistent link: https://www.econbiz.de/10013077798
prices are determined by shocks to the supply and demand for oil tankers, to the utilization of tankers, and to the cost of …-trip voyage rates. Oil exports from the Arabian Gulf also decline, reflecting lower demand for VLCCs. Positive utilization shocks …. Tanker supply and tanker demand shocks have persistent effects on time charter rates, round-trip voyage rates, the volume of …
Persistent link: https://www.econbiz.de/10012395168
Baumeister and Hamilton (2019a) assert that every critique of their work on oil markets by Kilian and Zhou (2019a) is without merit. In addition, they make the case that key aspects of the economic and econometric analysis in the widely used oil market model of Kilian and Murphy (2014) and its...
Persistent link: https://www.econbiz.de/10012227495
unconventional, puzzling or erroneous conclusions. Finally, we discuss the construction of extraneous measures of oil demand and oil …
Persistent link: https://www.econbiz.de/10012230527
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 …
Persistent link: https://www.econbiz.de/10012288032
Baumeister and Hamilton (2019a) assert that every critique of their work on oil markets by Kilian and Zhou (2019a) is without merit. In addition, they make the case that key aspects of the economic and econometric analysis in the widely used oil market model of Kilian and Murphy (2014) and its...
Persistent link: https://www.econbiz.de/10012119530