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Understanding Oil Price Dynamics and their Effects over Recent Decades: An Interview with James Hamilton

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  • Fredj Jawadi

Abstract

The following interview with Prof. James Hamilton was conducted in April 2018 by Dr. Fredj Jawadi with the assistance of Professors Jim Smith and Adonis Yatchew during the 5th International Symposium in Computational Economics and Finance (ISCEF) held in Paris, France. The interview includes 21 questions related to oil price dynamics. The aim of the discussion was, first, to help the reader gain a better understanding of the factors driving changes in oil prices, second, to examine the impact of oil price shocks on the economy and, third, to understand the dynamics of oil prices in the future. The recent related literature on oil price uncertainty is also discussed. We hope that this interview will give the reader clearer insights into the causes and consequences of oil price change and its evolution over time.

Suggested Citation

  • Fredj Jawadi, 2019. "Understanding Oil Price Dynamics and their Effects over Recent Decades: An Interview with James Hamilton," The Energy Journal, , vol. 40(2_suppl), pages 1-14, December.
    • Handle: RePEc:sae:enejou:v:40:y:2019:i:2_suppl:p:1-14
    DOI: 10.1177/01956574201940s21
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    References listed on IDEAS

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    1. Hamilton, James D., 1996. "This is what happened to the oil price-macroeconomy relationship," Journal of Monetary Economics, Elsevier, vol. 38(2), pages 215-220, October.
    2. Hamilton, James D., 2003. "What is an oil shock?," Journal of Econometrics, Elsevier, vol. 113(2), pages 363-398, April.
    3. James D. Hamilton, 2009. "Causes and Consequences of the Oil Shock of 2007-08," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 40(1 (Spring), pages 215-283.
    4. Hooker, Mark A., 1996. "What happened to the oil price-macroeconomy relationship?," Journal of Monetary Economics, Elsevier, vol. 38(2), pages 195-213, October.
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    1. Abid, Mehdi & Alotaibi, Mohammed Naif, 2020. "Crude oil price and private sector of Saudi Arabia: Do globalization and financial development matter? New evidence from combined cointegration test," Resources Policy, Elsevier, vol. 69(C).
    2. Jawadi, Fredj & Cheffou, Abdoulkarim Idi & Bu, Ruijun, 2023. "Revisiting the linkages between oil prices and macroeconomy for the euro area: Does energy inflation still matter?," Energy Economics, Elsevier, vol. 127(PA).
    3. Jawadi, Fredj & Bourghelle, David & Rozin, Philippe & Cheffou, Abdoulkarim Idi & Uddin, Gazi Salah, 2024. "Sentiment and energy price volatility: A nonlinear high frequency analysis," Energy Economics, Elsevier, vol. 133(C).

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