Oil Price Elasticities and Oil Price Fluctuations

The Great Plunge in Oil Prices: Causes, Consequences, and Policy ...

Oil price developments may also add to volatility in financial and currency markets and affect capital flows. Investment in the oil industry may fall sharply, ...

The Effect of Prices on Oil Demand in the Transportation and ...

The goal of this study is to explain the consumer response to energy price fluctuations in the United ... the elasticity of demand for oil when prices fluctuate.

Beyond the barrel: kicking oil's dominance - Enerdata

The demand for oil is quite inelastic to its price, as the historical trends have shown. The effects of price volatility and external shocks ...

Oil Supply Shocks, US Gross Domestic Product, and the Oil Security ...

... elasticity of GDP to an oil price change (the percentage change in GDP for a 1 percent change in the oil price) and the short-run price elasticities of supply ...

Not All Oil Price Shocks Are Alike: - World Trade Organization

It is more appropriate to think of oil price fluctuations as symptoms of the underlying oil demand and oil supply shocks. ... price elasticity of oil supply is.

Business cycles in an oil economy - Bank for International Settlements

15 Oil price fluctuations caused by non-oil disturbances create volatility ... Price Elasticities In Accounting For. Volatility Changes In The Crude Oil Market.

Effects of Declining Crude Petroleum and Natural Gas Prices on ...

Crude petroleum price declines also contributed to lower U.S. investment in oil and gas production, which had a negative impact on GDP growth. As prices and ...

Understanding Crude Oil Prices - James D. Hamilton, 2009

Topics discussed include the role of commodity speculation, OPEC, and resource depletion. The paper concludes that although scarcity rent made a negligible ...

The trade consequences of the oil price | CEPR

High oil prices are found to increase the distance elasticity of trade, making trade less global. The recent drop in oil prices could thus be a boon for ...

Does the source of oil price shocks matter for South African stock ...

The Role of Time-Varying Price Elasticities in. Accounting for Volatility Changes in the Crude Oil Market. Forthcoming in the Journal of. Applied Econometrics ...

Estimates of Oil Price Elasticity - CiteSeerX

... change and researchers began to en- tertain the possibility that oil prices had an asymmetric impact on economic activity. Oil price increases continued to ...

Macroeconomic impacts of oil price volatility: mitigation and resilience

Price volatility is intrinsic in commodity markets, but has been advancing at a faster rate in the crude oil market in comparison to other ...

The U.S. Dollar Exchange Rate and the Demand for Oil - jstor

The incomplete pass-through in percent change terms emphasizes the well known principle that price elasticities measured at the crude oil level are usually ...

the role of time-varying price elasticities in accounting for volatility ...

Figure 1(a) displays the quarter-on-quarter rate of change for the real price of crude oil and for world oil production over the period 1974:Q1 ...

The importance of supply and demand for oil prices: Evidence from ...

When quantifying the importance of supply and demand for oil price fluctuations, a wide range of estimates have been reported. Models identified ...

The importance of supply and demand for oil prices: Evidence from ...

inelastic demand and supply shocks explaining around 30% of oil price fluctuations. On the other hand, the results of BH19+NG are obtained ...

Impacts of international oil price fluctuations on China's PM2.5 ...

A rise in oil prices puts pressure on the economy and reduces energy consumption, which could improve air quality. However, the substitution ...

Empirical Analysis of Global Oil Price Determinants at the ...

Recently, the strong relationship between oil price fluctuations and monetary policy, the ... the demand for oil more elastic on price than ever. Page 19 ...

Forty Years of Oil Price Fluctuations: Why the Price of Oil May Still ...

Unexpected oil price fluctuations are commonly referred to as oil price shocks. We document that, in practice, consumers, policymakers, ...

Economic Impacts of Oil Price Fluctuations in Developed and ...

This paper assesses the impact of crude oil price movements on two macro-variables, GDP growth rate and the CPI inflation rate, in three countries: the US ...