Park, Jungwook; Ratti, Ronald A. - In: Energy Economics 30 (2008) 5, pp. 2587-2608
Oil price shocks have a statistically significant impact on real stock returns contemporaneously and/or within the following month in the U.S. and 13 European countries over 1986:1-2005:12. Norway as an oil exporter shows a statistically significantly positive response of real stock returns to...