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Replication data for: Not All Oil Price Shocks Are Alike: Disentangling Demand and Supply Shocks in the Crude Oil Market

Version
V0
Resource Type
Dataset
Creator
  • Kilian, Lutz
Publication Date
2009-06-01
Description
  • Abstract

    Shocks to the real price of oil may reflect oil supply shocks, shocks to the global demand for all industrial commodities, or demand shocks that are specific to the crude oil market. Each shock has different effects on the real price of oil and on US macroeconomic aggregates. Changes in the composition of shocks help explain why regressions of macroeconomic aggregates on oil prices tend to be unstable. Evidence that the recent surge in oil prices was driven primarily by global demand shocks helps explain why this shock so far has failed to cause a major recession in the United States. (JEL E31, E32, Q41, Q43)
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.99.3.1053 (Text)
Publications
  • Kilian, Lutz. “Not All Oil Price Shocks Are Alike: Disentangling Demand and Supply Shocks in the Crude Oil Market.” American Economic Review 99, no. 3 (May 2009): 1053–69. https://doi.org/10.1257/aer.99.3.1053.
    • ID: 10.1257/aer.99.3.1053 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Kilian, Lutz (2009): Replication data for: Not All Oil Price Shocks Are Alike: Disentangling Demand and Supply Shocks in the Crude Oil Market. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E113299