FEEM Re3: “Oil and Macroeconomic Uncertainty”
In this article Professor Matteo Manera – University of Milan Bicocca and FEEM – and Andrea Bastianin – University of Milan and FEEM – discuss the concepts of macroeconomic uncertainty, oil price uncertainty and oil price shocks. Given the relevance of oil and macroeconomic uncertainty, they illustrate how economic uncertainty can be defined and measured. They describe their proposed measure of oil price uncertainty and illustrate the contribution of its underlying components.
Review of Environment, Energy and Economics – Re3