Oil Shocks and the Financial Markets: A Review
这篇综述梳理了石油冲击对全球金融市场影响的理论与实证研究，涵盖石油冲击的历史背景、来源及其对经济、股票和大宗商品市场的影响，并指出未来研究方向。
ABSTRACT Leading to enormous effects on the global financial markets, oil shocks have received full attention from academic literature. The objective of this survey is to organize and consolidate existing theoretical and empirical research on oil shocks and financial markets, with the goal of uncovering potential areas for future investigation. The paper begins with a brief overview of oil shocks against a historical background, and makes a summarized survey of the existing literature regarding oil shocks. Then this paper discusses the underlying sources of the oil shocks and then turns to make a review of the connections between oil shocks and the economy, the stock market, and the commodity market. The paper concludes with recommendations for subsequent research endeavors, and hopes to facilitate further research in the many strands of the oil shocks‐related literature.