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This paper presents a simple macroeconomic model of the oil market. The model incorporates features of oil supply such as depletion, endogenous oil ex...
The oil market is undergoing fundamental change. New technologies are increasing the supply of oil from old and new sources, while rising concerns ove...
A survey of the complex and intertwined set of forces behind the various commodity markets and the interplay between these markets and the global econ...
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This a prepublication excerpt of Shifting Commodity Markets in a Globalized World....
Not anytime soon. Using a novel dataset covering 127 countries and spanning two centuries, we find evidence for an energy Kuznets curve, with an initi...
We study equity price volatility in general equilibrium with news shocks about future productivity and monetary policy. As West (1988) shows, in a par...