The U.S. Dollar Exchange Rate and the Demand for Oil

Selien De Schryder and Gert Peersman ()

The Energy Journal, 2016, vol. 37, issue 1, 90-114

Abstract: Using recent advances in panel data estimation techniques, we find that an appreciation of the U.S. dollar exchange rate leads to a significant decline in oil demand for a sample of 65 oil-importing countries. The estimated effect turns out to be considerably larger than the impact of a shift in the global crude oil price expressed in U.S. dollar. This finding appears to be the consequence of a stronger pass-through of changes in the U.S. dollar exchange rate to domestic end-user oil products prices relative to changes in the global crude oil price. Furthermore, we demonstrate the relevance of U.S. dollar fluctuations for global oil price dynamics.

Date: 2016
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https://journals.sagepub.com/doi/10.5547/01956574.37.1.ssch (text/html)

Related works:
Journal Article: The U.S. Dollar Exchange Rate and the Demand for Oil (2015)
Journal Article: The U.S. Dollar Exchange Rate and the Demand for Oil (2015)
Working Paper: THE US DOLLAR EXCHANGE RATE AND THE DEMAND FOR OIL (2014)
Working Paper: The U.S. Dollar Exchange Rate and the Demand for Oil (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:enejou:v:37:y:2016:i:1:p:90-114

DOI: 10.5547/01956574.37.1.ssch

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