Oil price shocks and policy uncertainty: New evidence on the effects of US and non-US oil production

Explore the latest research on the effects of oil price shocks and policy uncertainty on US and non-US oil production in this insightful article published in Energy Economics. Find out how Kang, W., Ratti, R.A., and Vespignani, J.L. shed new light on this crucial topic.

Fiscal Management of Oil Resources in Booms and Busts

This report provides a comprehensive in-depth analysis of the academic paper written by Hilde Bjørnland titled 'Fiscal Management of Oil Resources in Booms and Busts', which was published in Policy Perspective in 2018. Applying a scholarly lens, we delve into Bjørnland’s argument, the implications of her findings, and potential areas for future research.

Are product spreads useful for forecasting oil prices? An empirical evaluation of the Verleger hypothesis

‍This paper delves into the academic study conducted by Baumeister, Kilian, and Zhou (2018) titled "Are product spreads useful for forecasting oil prices? An empirical evaluation of the Verleger hypothesis." The Verleger hypothesis suggests that the spread between oil product prices and crude oil prices can be indicative of future changes in crude oil prices. This paper critically evaluates the methodology, findings, and implications of Baumeister et al.'s study, drawing insights into the effectiveness of product spreads as a forecasting tool for oil prices.

Is the Discretionary Income Effect of Oil Price Shocks a Hoax?

The notion that prices of oil have a significant impact on economic variables is pervasive, yet Baumeister, Kilian, and Zhou (2018) call into question the discrete income effect of oil price shocks. This article aims to dissect and provide a depth analysis of the proposed arguments by the aforementioned authors, counter-arguments, implications, and future directions.

Do central banks respond to exchange rate movements? A Markov-switching structural investigation of commodity exporters and importers

The paper under review is seminal in analyzing central banks' responses to exchange rate oscillations, serving a unique and insightful contribution to economics and international policy literature (Alstadheim et al., 2021). The authors apply a Markov-switching structural vector autoregression (MS-SVAR) model and provide an innovative perspective on the strategies adopted by central banks in both commodity-exporting and importing nations.

Commodity prices and fiscal policy design: Procyclical despite a rule

The critical investigation of this paper will provide an interesting perspective on the complex relationship between commodity prices and fiscal policy designs, focusing on the nature of their procyclicality.

Dutch disease dynamics reconsidered

This article aims to provide an in-depth analysis on 'Dutch Disease Dynamics Reconsidered,' a scholarly paper by Bjørnland, H.C., Thorsrud, L.A., and Torvik, R., as published in the European Economic Review (2019). The dominant themes, methodology, arguments, and findings of the aforementioned paper are thoroughly examined.

Structural interpretation of vector autoregressions with incomplete identification: Revisiting the role of oil supply and demand shocks

Baumeister and Hamilton (2019) offer a comprehensive investigation of oil market dynamics, providing an advanced methodological approach to disambiguate demand and supply factors and their impact on crude oil prices. This review aims to distill their approach and findings, further elucidating the implications of their novel methodology.

Comparing the forecasting performances of linear models for electricity prices with high RES penetration

The academic paper provides a comprehensive evaluation of different linear predictive models for electricity pricing with high RES penetration. This article offers a thorough analysis of their research, methodological perspectives, and the significance of their findings to the academic and practical domain.

Global commodity prices and global stock market volatility shocks: Effects across countries

This article presents a comprehensive analysis of the academic paper written by W. Kang, R. A. Ratti, & J. Vespignani (2020). The aim is to critically examine the authors' methodologies, findings, and implications in their discourse on the impact of global commodity prices and stock market volatility shocks across different countries.