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1“...It has been 40 years since the oil crisis of 1973/74. This crisis has been one of the defining economic events of the 1970s and has shaped how many economists...”
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2“...Traditional approaches to structural vector autoregressions (VARs) can be viewed as special cases of Bayesian inference arising from very strong prior beliefs...”
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3by Baumeister, Christiane Peersman, Gert Published in Journal of applied econometrics (Chichester, England) (01.11.2013)“...SUMMARY There has been a systematic increase in the volatility of the real price of crude oil since 1986, followed by a decline in the volatility of oil...”
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4by Baumeister, Christiane Kilian, Lutz Published in Journal of business & economic statistics (03.07.2015)“...The U.S. Energy Information Administration (EIA) regularly publishes monthly and quarterly forecasts of the price of crude oil for horizons up to 2 years,...”
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5by Baumeister, Christiane Kilian, Lutz Published in Journal of business & economic statistics (01.04.2012)“...We construct a monthly real-time dataset consisting of vintages for 1991.1-2010.12 that is suitable for generating forecasts of the real price of oil from a...”
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6by Christiane Baumeister Gert Peersman Published in American economic journal. Macroeconomics (01.10.2013)“...Using time-varying BVARs, we find a substantial decline in the shortrun price elasticity of oil demand since the mid-1980s. This finding helps explain why an...”
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7by CHRISTIANE BAUMEISTER LUTZ KILIAN Published in Brookings papers on economic activity (01.10.2016)“...We explore the effect of the sharp and sustained decline after June 2014 in the global price of crude oil (and hence in the U.S. price of gasoline) on U.S...”
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8“...This paper makes the following original contributions to the literature. (i) We develop a simpler analytical characterization and numerical algorithm for...”
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9by Christiane Baumeister Lutz Kilian Published in International economic review (Philadelphia) (01.08.2014)“...Central banks routinely use short-horizon forecasts of the quarterly price of oil in assessing the global and domestic economic outlook. We address a number of...”
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10by Christiane Baumeister Lutz Kilian Wolf Wagner Deren Unalmis Published in Economic policy (01.10.2014)“...US retail food price increases in recent years may seem large in nominal terms, but after adjusting for inflation have been quite modest even after the change...”
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11by Baumeister, Christiane Guérin, Pierre Kilian, Lutz Published in International journal of forecasting (01.04.2015)“...In recent years there has been an increased interest in the link between financial markets and oil markets, including the question of whether financial market...”
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12“...The answer depends on the objective. The approach of combining five of the leading forecasting models with equal weights dominates the strategy of selecting...”
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13“...Recently, there has been increased interest in real-time forecasts of the real price of crude oil Standard oil price forecasts based on reduced-form...”
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14by Baumeister, Christiane Kilian, Lutz Zhou, Xiaoqing Published in The Energy journal (Cambridge, Mass.) (15.10.2018)“...The transmission of oil price shocks has been a question of central interest in macroeconomics since the 1970s. There has been renewed interest in this...”
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15by Baumeister, Christiane Kilian, Lutz Zhou, Xiaoqing“...Many oil industry analysts believe that there is predictive power in the product spread, defined as the difference between suitably weighted refined product...”
edited by Manera, Matteo Serletis, Apostolos
Published in Macroeconomic dynamics (01.04.2018)
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16by Baumeister, Christiane Kilian, Lutz Lee, Thomas K Published in Journal of applied econometrics (Chichester, England) (01.03.2017)“...Summary Appropriate real‐time forecasting models for the US retail price of gasoline yield substantial reductions in the mean‐squared prediction error (MSPE)...”
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17by Baumeister, Christiane Liu, Philip Mumtaz, Haroon Published in Journal of economic dynamics & control (01.03.2013)“...Based on a time-varying factor-augmented vector autoregression, we demonstrate that the propagation mechanism of monetary policy disturbances differs across...”