How does the US natural gas market react to demand and supply shocks in the crude oil market?

被引：72

作者：

Jadidzadeh, Ali ^{[1
]}

Serletis, Apostolos ^{[1
]}

机构：

[1] Univ Calgary, Dept Econ, Calgary, AB T2N 1N4, Canada

来源：

ENERGY ECONOMICS | 2017年 / 63卷

关键词：

Oil price; Oil price shocks; Structural VAR; DISENTANGLING DEMAND; PRICE SHOCKS; FUEL; UK;

D O I：

10.1016/j.eneco.2017.01.007

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper we use monthly data (over the period from January 1976 to December 2012) and a structural VAR model to disentangle demand and supply shocks in the global crude oil market and investigate their effects on the real price of natural gas in the United States. We identify the model by assuming that innovations to the real price of crude oil are predetermined with respect to the natural gas market and show that close to 45% of the variation in the real price of natural gas can be attributed to structural supply and demand shocks in the global crude oil market. (C) 2017 Elsevier B.V. All rights reserved.

引用

页码：66 / 74

页数：9

共 50 条

[1] How do supply or demand shocks affect the US oil market?
Vides, Jose Carlos
Feria, Julia
Golpe, Antonio A.
Martin-Alvarez, Juan Manuel
[J]. FINANCIAL INNOVATION, 2024, 10 (01)
[2] How do supply or demand shocks affect the US oil market?
José Carlos Vides
Julia Feria
Antonio A. Golpe
Juan Manuel Martín-Álvarez
[J]. Financial Innovation, 10
[3] A note on the dynamic effects of supply and demand shocks in the crude oil market
Nguyen, Hoang
Osterholm, Par
[J]. APPLIED ECONOMICS LETTERS, 2024,
[4] Not All Oil Price Shocks Are Alike: Disentangling Demand and Supply Shocks in the Crude Oil Market
Kilian, Lutz
[J]. AMERICAN ECONOMIC REVIEW, 2009, 99 (03): : 1053 - 1069
[5] HOW DOES STOCK MARKET VOLATILITY REACT TO OIL PRICE SHOCKS?
Bastianin, Andrea
Manera, Matteo
[J]. MACROECONOMIC DYNAMICS, 2018, 22 (03) : 666 - 682
[6] DISENTANGLING DEMAND AND SUPPLY SHOCKS IN THE CRUDE OIL MARKET: HOW TO CHECK SIGN RESTRICTIONS IN STRUCTURAL VARS
Luetkepohl, Helmut
Netsunajev, Aleksei
[J]. JOURNAL OF APPLIED ECONOMETRICS, 2014, 29 (03) : 479 - 496
[7] Not all demand oil shocks are alike: disentangling demand oil shocks in the crude oil market
Li, Zhuo
Zhao, Hui
[J]. JOURNAL OF CHINESE ECONOMIC AND FOREIGN TRADE STUDIES, 2011, 4 (01) : 28 - 44
[8] Sudden stop: Supply and demand shocks in the German natural gas market
Guentner, Jochen
Reif, Magnus
Wolters, Maik
[J]. JOURNAL OF APPLIED ECONOMETRICS, 2024,
[9] The dynamic effects of oil supply shocks on the US stock market returns of upstream oil and gas companies
Ewing, Bradley T.
Kang, Wensheng
Ratti, Ronald A.
[J]. ENERGY ECONOMICS, 2018, 72 : 505 - 516
[10] From oil surges to renewable shifts: Unveiling the dynamic impact of supply and demand shocks in global crude oil market on US clean energy trends
Esmaeili, Parisa
Rafei, Meysam
Salari, Mahmoud
Balsalobre-Lorente, Daniel
[J]. ENERGY POLICY, 2024, 192

← 1 2 3 4 5 →