Do all oil price shocks have the same impact? Evidence from the euro area

Oil prices and unemployment in the UK before and after the crisis: A Bayesian VAR approach. A note

“…Finally, our results are backed up by the recent contribution of Evgenidis (2018), who finds that the effect of shocks depends not only on the sign and size of the shock, but also on the degree of uncertainty and economic stress.…”

Brent crude oil prices volatility during major crises

“…Oil prices are determined by demand and supply levels, but also they are affected by sources of natural volatility including business cycles, speculative activities, and political influences (Oberndorfer, 2009;Hamilton, 2014;Robe and Wallen, 2016). These factors have major implications for strategic decisions taken by investors, hedgers, speculators and governments, who need to be aware of phases of higher volatility, where greater levels of risk and uncertainty are exhibited in the market, thus conditioning their decision making processes (Sadorsky, 2006;Salisu and Fasanya, 2013;Zhang and Wang, 2013;Morales and Andreosso-O'Callaghan, 2014;Evgenidis, 2018). Crude oil prices have encountered extreme volatility over the past decades due to numerous factors, such as wars and political instability, economic and financial slowdowns, terrorist attacks, and natural disasters.…”

Oil Price Shock and Macroeconomic Performance in Nigeria: Implication on Employment

“…It was documented by the study that oil price has a negative impact on GDP, CPI and unemployment. Evgenidis (2018) analysed the impact of oil price shock on macroeconomic indicators in European Countries using a threshold VAR. The findings of the scholar showed that shock from oil have a stronger effect on output and lower effect during periods of heightened uncertainty and lowered uncertainty respectively.…”