Geopolitical Oil Price Risk and Economic Fluctuations
This paper studies the general equilibrium effects of time-varying geopolitical risk in the oil market by simultaneously modeling downside risk from disasters, oil storage and the endogenous determination of oil price and macroeconomic uncertainty in the global economy.
Authors
- Lutz Kilian
- Michael Plante (ORCID: https://orcid.org/0000-0003-0604-105X)
- Alexander W. Richter (ORCID: https://orcid.org/0000-0003-2876-9615)
Publication Details
- Journal
- Federal Reserve Bank of Dallas, Working Papers
- Published
- 2024-11-01
- DOI
- https://doi.org/10.24149/wp2403r1
- Citations
- 5
- Primary Topic
- Market Dynamics and Volatility
- Type
- article
- Field-Weighted Citation Impact
- 5.65