Center for Energy and the Economy working papers

• Working Paper

  Geopolitical Oil Price Risk and Economic Fluctuations

  This paper provides the first systematic account of the quantitative importance of time-varying geopolitical risk to oil production for the global economy.

  May 28, 2024

• Working Paper

  The Impact of the 2022 Oil Embargo and Price Cap on Russian Oil Prices

  This paper documents the effect of the oil embargo and price cap on Russian oil exports in the wake of the Russian invasion of Ukraine in February 2022.

  March 26, 2024

• Investing in the Batteries and Vehicles of the Future: A View Through the Stock Market

  A large number of companies operating in the EV and battery supply chain have listed on a U.S. stock exchange in recent years. This paper compiles a unique data set of high-frequency stock returns for those companies and investigates the extent to which an “industry” factor specific to the EV and battery supply chain (an “EV” factor) can explain their returns.

  September 26, 2023

• Working Paper

  Oil Price Shocks and Inflation

  Despite growing interest in the impact of oil and other energy price shocks on inflation and inflation expectations, until recently this question has not received much attention. This survey not only presents empirical results for the U.S. economy, but expands the analysis to include other major economies.

  August 24, 2023

• The Electric Ceiling: Limits and Costs of Full Electrification

  Electrification is a centerpiece of global decarbonization efforts. Yet there are reasons to be skeptical of the inevitability, or at least the optimal pace, of the transition. This paper discusses several under-appreciated costs of full, or even deep, electrification.

  October 21, 2022