Oil specific shocksInvestor SentimentThis paper provides a novel perspective to the nexus of oil prices and stock markets by examining the impact of oil price shocks on stock market anomalies. After decomposing oil price shocks into three types , we find that aggregate demand shocks have the ...
This shows that the Malaysian market is inefficient and very sensitive to the oil price fluctuations. In addition, the findings showed there is a long run asymmetric link between oil price shocks, interest rate, exchange rate, industrial production, inflation and stock market returns at both ...
OIL PRICE SHOCKS AND STOCK MARKET BEHAVIOR This dissertation analyze the relationship between oil price shocks and stock market for the US and 13 European countries with monthly data from 1986.1--2005.12. Three countries (Denmark, Norway and the UK) among 13 European countries ar... JW Park 被...
Oil price shocks, exchange rate dynamics and stock market behaviour : empirical evidence from Nigeria This thesis explores the relationship between oil price shocks, exchange rate dynamics and stock market behaviour in Nigeria using a variety of econometric specifications. The response of exchange rates...
OilPriceShocksandtheU.SStockMarketTahmouresA.Afshar,WoodburyUniversity,USAGhodratollahArabian,LincolnUniversity,USARezaZomorrodian,IslamicAzadUniversity,IranABSTRACTThispaperempiricallyinvestigates,inthecontextofvectorautoregressionandGranger-Causalitymethodology,thedynamicrelationshipbetweenthreemeasuresofoilpriceshocks,...
The dynamic impact of oil price shocks on stock market returns has attracted considerable attention in the recent literature. In an influential paper, Kilian and Park (2009) found that the response of US aggregate stock returns to oil price shocks greatly depends on the cause of such shocks, ...
Trade is an important channel for the transmission of oil price shocks to an economy. For net oil exporters, insurance against falling oil prices should be provided and vice versa.关键词: Oil price shock Trade balance VAR Granger non-causality test Gregory-Hansen cointegration test ...
This paper examines the interactive relationships between oil price shocks and stock market in 11 OECD countries using Vector Error Correction Models (VECM). Considering both world oil production and world oil prices to supervise for oil supply and oil demand shocks, strong evidence of sensitivity of...
从课文中,可以得出的结论是。[[A] oil price shocks are less shocking nowB] inflation seems irrelevan
This paper examines the impact of oil price shocks and attempts to explain why the rise in oil prices up to 2008 had little impact on the world economy. It makes three main arguments. First, that oil prices have never been as important as is popularly thought. Second, that the most impor...