The Historical �Roots� of U.S. Energy Price Shocks

Historical Energy Price Shocks and their Effects on the Economy

The purpose of this paper is to identify the changes in the impact of energy shocks on economic activity at different phases of economic development – with an interest in assessing if the economy’s vulnerability and resilience to shocks improved. Using data on the United Kingdom over the last three hundred years, the paper replicates a method introduced by Kilian (2008) to disentangle supply, d...

Dynamic Factor Demands and the Effects of Energy Price Shocks

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Reducing the impact of price shocks in energy - intensive economies *

The US and Israel Securitization of Iran’s Nuclear Energy

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What can price volatility tell us about market efficiency? Conditional heteroscedasticity in historical commodity price series

The development in the working of markets has been an important topic in economic history for decades. The volatility of market prices is often used as an indicator of market efficiency in the broadest sense. Yet, the way in which volatility is estimated often makes it difficult to compare price volatility across regions or over time for two reasons. First, if prices are non-stationary, the var...