1 |
J Friedrichs, O R Inderwildi. The carbon curse: Are fuel rich countries doomed to high CO2 intensities? Energy Policy, 2013, 62: 1356−1365
https://doi.org/10.1016/j.enpol.2013.07.076
|
2 |
British Petroleum Company. BP Statistical Review of World Energy. London: British Petroleum Co., 2012
|
3 |
J D Hamilton. Oil and the macroeconomy since World War II. Journal of Political Economy, 1983, 91(2): 228−248 doi:10.1086/261140
|
4 |
International Energy Agency. What we do. 2012
|
5 |
R Bamberger. The strategic petroleum reserve: history, perspective, and issues. 2009-08-18
|
6 |
J Lipsky. Economic shifts and oil price volatility. 2009-03-18
|
7 |
J C B Cooper. Price elasticity of demand for crude oil: estimates for 23 countries. OPEC Review, 2003, 27(1): 1−8 doi:10.1111/1468-0076.00121
|
8 |
C Baumeister, G Peersman. The role of time-varying price elasticities in accounting for volatility changes in the crude oil market. Journal of Applied Econometrics, 2013, 28(7): 1087−1109
https://doi.org/10.1002/jae.2283
|
9 |
J Murray, D King. Climate policy: Oil’s tipping point has passed. Nature, 2012, 481(7382): 433−435
https://doi.org/10.1038/481433a
pmid: 22281577
|
10 |
T Konrad. The end of elastic oil. 2012-01-26
|
11 |
V Saporta, M Trott, M Tudela. What can be said about the rise and fall in oil prices? Bank of England Quarterly Bulletin, 2009, 49(3): 215−225
|
12 |
A R Jalali-Naini, M Asali. Cyclical behaviour and shock persistence: crude oil prices. OPEC Review, 2004, 28(2): 107−131
https://doi.org/10.1111/j.0277-0180.2004.00130.x
|
13 |
G Tawadros. The cyclicality of the demand for crude oil: evidence from the OECD. Journal of Economic Studies, 2013, 40(6): 704−719
https://doi.org/10.1108/JES-02-2012-0027
|
14 |
B Fattouh. The drivers of oil prices: the usefulness and limitations of non-structural model, the demand-supply framework and informal approaches. 2007-03-01
|
15 |
P K S Namboodiri. Politics and economics of oil prices. Strategic Analysis, 1983, 7(4): 339−342 doi:10.1080/09700168309427001
|
16 |
L Kilian. Oil Price Volatility: Origins and Effects. 2010
|
17 |
T Triki, Y Affes. Managing commodity price volatility in Africa. Africa Economic Brief., 2011, 2(12): 1−7
|
18 |
United Nations Conference on Trade and Development. Don’t blame the physical markets: financialization is the root cause of the oil and commodity price volatility. 2012-09
|
19 |
J Blas. Saudi offer extra oil to offset price rises. Financial Times, 2012-09-18
|
20 |
The Economist. Oil prices: Keeping it to themselves. 2012-03-31
|
21 |
IEA. 30-Day Review of Libya Collective Action. 2011-07-21
|
22 |
R Bruce. Oil derivatives: in the beginning. 2009
|
23 |
E F Fama. Efficient capital markets: A review of theory and empirical work. Journal of Finance, 1970, 25(2): 383−417
https://doi.org/10.2307/2325486
|
24 |
W Sharpe, G J Alexander. Investments, 4th ed. Englewood Cliffs, N.J.: Prentice Hall, 1990
|
25 |
H Hotelling. The economics of exhaustible resources. Journal of Political Economy, 1931, 39(2): 137−175 doi:10.1086/254195
|
26 |
J Livernois. On the empirical significance of the Hotelling Rule. Review of Environmental Economics and Policy, 2009, 3(1): 22−41
https://doi.org/10.1093/reep/ren017
|
27 |
J L Simpson. The Effect of OPEC production allocations on oil prices. 2008-08-16
|
28 |
J Gault, B Karbassioun, C Spierer, J L Bertholet. OPEC production quotas and their application to non-OPEC countries. Energy Policy, 1990, 18(1): 73−79
https://doi.org/10.1016/0301-4215(90)90172-Z
|
29 |
World Trade Organisation. World Trade Report 2010: Trade in natural resources. 2010
|
30 |
Econbrowser. Is OPEC relevant? 2007-07-17
|
31 |
Bank for International Settlements. 81st Annual Report (1 April 2010–31 March 2011). 2011-06-26
|
32 |
UNCTAD. Price formation in financialized commodity markets: the role of information. 2011-06
|
33 |
I Vansteenkiste. What is driving oil futures prices? Fundamentals versus speculation. European Central Bank Working Paper Series, 2011, Paper No. 1371
|
34 |
K J Singleton. Investor flows and the 2008 boom/bust in oil prices. 2012-04-27
|
35 |
D Bicchetti, N. Maystre The synchronized and long-lasting structural change on commodity markets: Evidence from high-frequency data. MPRA Papers, 2012, Paper No. 37486
|
36 |
L Kilian. Not all oil price shocks are alike: disentangling demand and supply shocks in the crude oil market. American Economic Review, 2009, 99(3): 1053−1069
https://doi.org/10.1257/aer.99.3.1053
|
37 |
J D Hamilton. Causes and consequences of the oil shock of 2007−08. Spring 2009
|
38 |
JODI. Report on JODI related activities. 2012-03
|
39 |
D P Ahn. Improving energy market regulation domestic and international issues. 2011–02
|
40 |
N A Owen, O R Inderwildi, D A King. The status of conventional world oil reserves—Hype or cause for concern? Energy Policy, 2010, 38(8): 4743−4749
https://doi.org/10.1016/j.enpol.2010.02.026
|
41 |
P Osgood. IEF Chief: Oil data transparency must be improved. 2012-09-18
|
42 |
K A Mork. Oil and the macroeconomy when prices go up and down: An extension of Hamilton's results. Journal of Political Economy, 1989, 97(3): 740−744
https://doi.org/10.1086/261625
|
43 |
J P Federer. Oil price volatility and the macroeconomy. Journal of Macroeconomics, 1996, 18(1): 1−26
https://doi.org/10.1016/S0164-0704(96)80001-2
|
44 |
G H Kuper, D P Soest. Does oil price uncertainty affect economic use? Energy Journal (Cambridge, Mass.), 2006, 27(1): 55−78
https://doi.org/10.5547/ISSN0195-6574-EJ-Vol27-No1-4
|
45 |
S Rahman, A Serletis. Oil price uncertainty and the Canadian economy: Evidence from a VARMA, GARCH-in-Mean, asymmetric BEKK model. Energy Economics, 2012, 34(2): 603−610
https://doi.org/10.1016/j.eneco.2011.08.014
|
46 |
P Sadorsky. Oil price shocks and stock market activity. Energy Economics, 1999, 21(5): 449−469
https://doi.org/10.1016/S0140-9883(99)00020-1
|
47 |
D Bredin, J Elder, S Fountas. Oil volatility and the option value of waiting: an analysis of the G-7. Journal of Futures Markets, 2011, 31(7): 679−702
https://doi.org/10.1002/fut.20492
|
48 |
P Castillo, C Montoro, V Tuesta. Inflation, oil price volatility and monetary Policy. Banco Central de Reserva del Perú Working Papers, 2010, Paper No. 2010–002
|
49 |
Y S Başkaya T Hülagü H Küçük. Oil price uncertainty in a small open economy. IMF Economic Review, 2013, 61: 168−198
https://doi.org/10.1057/imfer.2013.5
|
50 |
H Guo, K L Kliesen. Oil price volatility and U.S. macroeconomic activity. Federal Reserve Bank of St. Louis Review, 2005, 87(6): 669−683
|
51 |
R Salim, S Rafiq. The impact of crude oil price volatility on selected Asian emerging economies. In: Hoque T ed. Global Business and Social Science Research Conference, Beijing, China, 2011, 1−33
|
52 |
D Bredin, J Elder, S Fountas. The effects of uncertainty about oil prices in G-7. Geary Institute, University College Dublin Working Papers, 2010, Paper No. 2010–01
|
53 |
S Jo. The effects of oil price uncertainty on the macroeconomy. 2012-12
|
54 |
S Rafiq, R Salim, H Bloch. Impact of crude oil price volatility on economic activities: an empirical investigation in the Thai economy. Resources Policy, 2009, 34(3): 121−132
https://doi.org/10.1016/j.resourpol.2008.09.001
|
55 |
S P Wang, A M Hu, Z X Wu. The impact of oil price volatility on China’s economy: An emprical investigation based on VAR model. Advanced Materials Research, 2012, 524−527: 3211
|
56 |
T Lorde, M Jackman, C Thomas. The macroeconomic effects of oil price fluctuations on a small open oil-producing country: the case of Trinidad and Tobago. Energy Policy, 2009, 37(7): 2708−2716
https://doi.org/10.1016/j.enpol.2009.03.004
|
57 |
J Elder, A Serletis. Oil price uncertainty. Journal of Money, Credit and Banking, 2010, 42(6): 1137−1159
https://doi.org/10.1111/j.1538-4616.2010.00323.x
|
58 |
M Plante, N Traum. Time-varying oil price volatility and macroeconomic aggregates. Center for Applied Economics and Policy Research Working Papers. 2012, Paper No. 2012–002
|
59 |
P Castillo, C Montoro, V Tuesta. Inflation premium and oil price volatility. 2007-03
|
60 |
IEA. Oil market report. 2012-07-12
|
61 |
H E Leland. Saving and uncertainty: the precautionary demand for saving. Quarterly Journal of Economics, 1968, 82(3): 465−473
https://doi.org/10.2307/1879518
|
62 |
J Skinner Risky income, life cycle consumption, and precautionary saving. Journal of Monetary Economics, 1988, 22(2): 237−255
https://doi.org/10.1016/0304-3932(88)90021-9
|
63 |
S P Zeldes. Optimal consumption with stochastic income: deviations from certainty equivalence. Quarterly Journal of Economics, 1989, 104(2): 275−298
https://doi.org/10.2307/2937848
|
64 |
C D Carroll, R E Hall, S P Zeldes. The Buffer-Stock theory of saving: some macroeconomic evidence. Brookings Papers on Economic Activity, 1992(2): 61−156
https://doi.org/10.2307/2534582
|
65 |
R E Hall. Stochastic implications of the life cycle-permanent income hypothesis: theory and evidence. Journal of Political Economy, 1978, 86(6): 971−987
https://doi.org/10.1086/260724
|
66 |
B S Bernanke. Irreversibility, uncertainty, and cyclical investment. Quarterly Journal of Economics, 1983, 98(1): 85−106
https://doi.org/10.2307/1885568
|
67 |
R S Pindyck. Irreversibility, uncertainty, and investment. National Bureau of Economic Research Working Papers, 1991, Paper No. 3307
|
68 |
J Park, R A Ratti. Oil price shocks and stock markets in the U.S. and 13 European countries. Energy Economics, 2008, 30(5): 2587−2608
https://doi.org/10.1016/j.eneco.2008.04.003
|
69 |
R Masih, S Peters, L de Mello. Oil price volatility and stock price fluctuations in an emerging market: evidence from South Korea. Energy Economics, 2011, 33(5): 975−986
https://doi.org/10.1016/j.eneco.2011.03.015
|
70 |
M E H Arouri, A Lahiani, D K Nguyen. Return and volatility transmission between world oil prices and stock markets of the GCC countries. Economic Modelling, 2011, 28(4): 1815−1825
https://doi.org/10.1016/j.econmod.2011.03.012
|
71 |
I Henriques, P Sadorsky. The effect of oil price volatility on strategic investment. Energy Economics, 2011, 33(1): 79−87
https://doi.org/10.1016/j.eneco.2010.09.001
|
72 |
A Ozoguz. Good Times or Bad Times? Investors’ Uncertainty and Stock Returns. Review of Financial Studies, 2009, 22(11): 4377−4422
https://doi.org/10.1093/rfs/hhn097
|
73 |
D Bredin, S Fountas. Macroeconomic uncertainty and macroeconomic performance in the G-7: are they related? 2013-07-25
|
74 |
A Raval. Petrol drives US inflation higher. Financial Times, 2012-03-16
|
75 |
R Dornbusch, S Fischer, R Startz. Macroeconomics. 10th Ed. New Delhi: McGraw Hill/Irwin, 2007
|
76 |
J M Keynes. The General Theory of Employment, Interest and Money. London: Macmillan Publishing Co., 1936
|
77 |
P Krugman. Liquidity trapped. 2011-07-05
|
78 |
F E Kydland, E C Prescott. Rules rather than discretion: the inconsistency of optimal plans. Journal of Political Economy, 1977, 85(3): 473−492
https://doi.org/10.1086/260580
|
79 |
R Alquist, L Kilian, R J Vigfusson. Forecasting the Price of Oil. In: G Elliott, A Timmermann, eds. Handbook of Economic Forecasting 2. Amsterdam: North-Holland, 2011
|
80 |
N D Uri. Crude oil price volatility and unemployment in the United States. Energy, 1996, 21(1): 29−38
https://doi.org/10.1016/0360-5442(95)00086-0
|
81 |
D M Lilien. Sectoral shifts and cyclical unemployment. Journal of Political Economy, 1982, 90(4): 777−793
https://doi.org/10.1086/261088
|
82 |
D Lilien. A sectoral model of the business cycle. University of Southern California MRG Working Papers, 1982, Paper No. 8231
|
83 |
S J Davis. Allocative disturbances and specific capital in real business cycle theories. American Economic Review, 1987, 77(2): 326−332
|
84 |
J D Hamilton. A neoclassical model of unemployment and the business cycle. Journal of Political Economy, 1988, 96(3): 593−617
https://doi.org/10.1086/261553
|
85 |
S J Davis, J Haltiwanger. Sectoral job creation and destruction responses to oil price changes. Journal of Monetary Economics, 2001, 48(3): 465−512
https://doi.org/10.1016/S0304-3932(01)00086-1
|
86 |
P Marsh. China noses ahead as top goods producer. Financial Times, 2011-03-13
|
87 |
OECD. OECD employment outlook 2012. 2012
|
88 |
BP. BP Statistical Review of World Energy June 2006. 2006
|
89 |
EIA. United Kingdom country profile. 2013-05-14
|
90 |
IEA. North America leads shift in global energy balance, IEA says in latest World Energy Outlook. 2012-11-12
|
91 |
B Casselman. Don’t expect lower oil prices Even as U.S. output surges. 2012-11-12
|
92 |
C Bolgar. Foreign investors flock to Europe’s economic motor. 2013-09-05
|
93 |
European Commission. EU energy in figures statistical pocketbook 2012. 2013-09-05
|
94 |
The Guardian. Eurozone Crisis: what if...Greece leaves the single currency. 2012-05-14
|
95 |
D Bonilla. Fuel taxes, fuel economy of vehicles and costs of conserved energy: The case of the European Union. In: O Inderwildi, D Sir King eds. Energy, Transport, & the Environment. London: Springer-Verlag, 2012, 285−301
|
96 |
Nature. IEA calls for focus on energy efficiency. 2012-11-12
|
97 |
J Hudson. I want to ride my bicycle! Financing sustainable transport. In: O Inderwildi, D Sir King eds. Energy, Transport, & the Environment. London: Springer-Verlag, 2012, 599−631
|
98 |
T Shirvani. Energy security in an emission-constrained world. In: O Inderwildi, D Sir King eds. Energy, Transport, & the Environment. London: Springer-Verlag, 2012, 95−113
|
99 |
J Freidrichs. Peak oil futures: same crisis, different responses. In: O Inderwildi, D Sir King, eds. Energy, Transport, & the Environment. London: Springer-Verlag, 2012, 55−75
|
100 |
A Sartbaeva, S Wells, V L Kuznetsov, P P Edwards. Hydrogen: An end-state solution to transportation? In: O Inderwildi, D Sir King eds. Energy, Transport, & the Environment. London: Springer-Verlag, 2012, 143−163
|
101 |
J King, E Ling. Meeting 2050 CO2 Carbon emissions reductions targets: the potential for electric vehicles. In: O Inderwildi, D Sir King eds. Energy, Transport, & the Environment. London: Springer-Verlag, 2012, 181−222
|
102 |
L Elliott. Tobin-style tax gets green light from European Commission. 2012-10-23
|
103 |
Reuters. Tobin tax will raise cost of hedging risk—Italy bourse watchdog. 2012-10-25
|