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The Impact of U.S. Supply Shocks on the Global Oil Price
(CAMP Working Paper Series;7, Working paper, 2018-04)
I examine the role of the U.S. shale oil boom in driving global oil prices. Using a structural vector autoregressive (SVAR) model that identifies separate oil supply shocks for the U.S. and OPEC, I find that U.S. supply ...
What drives oil prices? Emerging versus developed economies
(CAMP Working Paper Series;2/2012, Working paper, 2012)
We analyze the importance of demand from emerging and developed economies as drivers of the real price of oil over the last two decades. Using a factor-augmented vector autoregressive (FAVAR) model that allows us to ...