The specter of rising interest rates in the US has caused many to consider the impact this will have on the traditional “anchor” to the portfolio: US Treasury bonds. From a mathematical point of view, rising interest rates unambiguously reduce the value of long duration bond holdings,...

There is mounting evidence that global oil demand will peak between 2020 and 2040, supported by rational economics (inter-fuel competition and efficiency gains) and environmental policies. The perspective of a peak in world oil demand poses a serious economic threat to petrostates whose GDP...

This paper investigates the global macroeconomic consequences of country-specific oil-supply shocks. Our contribution is both theoretical and empirical. On the theoretical side, we develop a model for the global oil market and integrate this within a compact quarterly model of the global economy...

This paper investigates the global macroeconomic consequences of country-specific oil-supply shocks. Our contribution is both theoretical and empirical. On the theoretical side, we develop a model for the global oil market and integrate this within a compact quarterly model of the global economy...

This paper investigates the global macroeconomic consequences of falling oil prices due to the oil revolution in the United States, using a Global VAR model estimated for 38 countries/regions over the period 1979Q2 to 2011Q2. Set-identification of the U.S. oil supply shock is achieved through...

This study examines the effect of corruption on crude oil revenue earnings in Nigeria (1996-2015). It investigates the extent to which corrupt practices and oil prices can affect crude oil revenue earnings. To achieve these objectives, secondary data for Total Crude Oil Revenue Earnings (OILRE),...