Mokni, Khaled - In: Energy reports 6 (2020), pp. 605-619
disentangling demand and supply shocks. Based on monthly data from the 1999-2018 period, the results report evidence of a time …-varying reaction of all stock market returns to different oil shocks. Moreover, the stock returns react to the demand shocks more than … aggregate demand shocks exert a positive effect on almost all stock returns. Oil-specific demand shocks have positive effects on …