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Oil price: Endless ability to surprise

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Economic agents have varying expectations on oil price fluctuations that play an important role in determining the timing and magnitude of oil price shocks. A study now shows that heterogeneous expectations should be included when modelling oil price shocks to grasp their impact on macroeconomic outcomes and energy policies.

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Figure 1: Evolution of oil price (US$ per barrel) — WTI and Brent.

References

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Authors and Affiliations

  1. Baltasar Manzano is at the Universidade de Vigo, Campus As Lagoas-Marcosende, 36310 Vigo, Spain, and at KAPSARC, Riyadh 11672, Saudi Arabia.,

    Baltasar Manzano

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  1. Baltasar Manzano
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Correspondence to Baltasar Manzano.

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Manzano, B. Oil price: Endless ability to surprise. Nat Energy 1, 16060 (2016). https://doi.org/10.1038/nenergy.2016.60

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  • DOI: https://doi.org/10.1038/nenergy.2016.60

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