Lutz Kilian - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T13:48:46+00:00Is the Discretionary Income Effect of Oil Price Shocks a Hoax?
https://www.bankofcanada.ca/2017/11/staff-working-paper-2017-50/
The transmission of oil price shocks has been a question of central interest in macroeconomics since the 1970s. There has been renewed interest in this question after the large and persistent fall in the real price of oil in 2014–16. In the context of this debate, Ramey (2017) makes the striking claim that the existing literature on the transmission of oil price shocks is fundamentally confused about the question of how to quantify the effect of oil price shocks.2017-11-23T11:32:45+00:00enIs the Discretionary Income Effect of Oil Price Shocks a Hoax?2017-11-23Econometric and statistical methodsInternational topicsStaff Working Paper 2017-50https://www.bankofcanada.ca/wp-content/uploads/2017/11/swp2017-50.pdfIs the Discretionary Income Effect of Oil Price Shocks a Hoax?Christiane BaumeisterLutz KilianXiaoqing ZhouNovember 2017CC5C51QQ4Q43Did the Renewable Fuel Standard Shift Market Expectations of the Price of Ethanol?
https://www.bankofcanada.ca/2017/09/staff-working-paper-2017-35/
It is commonly believed that the response of the price of corn ethanol (and hence of the price of corn) to shifts in biofuel policies operates in part through market expectations and shifts in storage demand, yet to date it has proved difficult to measure these expectations and to empirically evaluate this view.2017-09-11T08:14:33+00:00enDid the Renewable Fuel Standard Shift Market Expectations of the Price of Ethanol?2017-09-11Econometric and statistical methodsFinancial marketsRecent economic and financial developmentsStaff Working Paper 2017-35https://www.bankofcanada.ca/wp-content/uploads/2017/09/swp2017-35.pdfDid the Renewable Fuel Standard Shift Market Expectations of the Price of Ethanol?Christiane BaumeisterReinhard EllwangerLutz KilianSeptember 2017QQ1Q18Q2Q28Q4Q42Q5Q58