Oil-Shocks

Published Journal of Monetary Economics 1 Dec 2025

Oil price fluctuations, US banks, and macroprudential policy

Paolo Gelain · Marco Lorusso

This paper estimates the effect of oil price fluctuations on US banking variables using a Bayesian SVAR with sign restrictions following Baumeister and Hamilton (2019). Oil market shocks that lead to …

Banking Financial Frictions Oil Shocks Macroprudential

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