Lyu, Yongjian; Yi, Heling; Wei, Yu; Yang, Mo - 2021
have negative effects on crude oil price returns, and further find that the magnitudes of the time-varying effects are … recessions. Furthermore, we show that economic uncertainty shocks dominate fundamental shocks in generating variations in oil … price returns during the Global Financial Crisis, which sheds some light on the puzzling price slump that cannot be …