The impact of oil price shocks on the U.S. and Chinese stock markets: A quantitative structural analysis
This paper applies sign restrictions to identify oil structural shocks by imposing nonzero restrictions on the short-term price elasticity of oil supply. With the help of oil inventory data, flow supply, flow demand and speculative demand shocks in the global oil market are identified. Then, the imp...
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| Hauptverfasser: | , , , |
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| Format: | Artigo |
| Sprache: | Inglês |
| Veröffentlicht: |
Elsevier
2023-11-01
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| Schriftenreihe: | Energy Reports |
| Schlagworte: | |
| Online-Zugang: | http://www.sciencedirect.com/science/article/pii/S2352484723010120 |
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