PulseExploreJournal ClubDebatesTrendingResearchersJournals
Instagram
HomeExploreJournal ClubTrending
Synapse
⌘+K
Synapse
May 29, 2026Energy Strategy Reviews0 citationsOpen Access

Unveiling unspanned macroeconomic factors in oil futures price dynamics: Evidence from China's oil futures market

View Full Paper
ZJZhihao JiBeijing Institute of TechnologyJLJiangfeng LiuBeijing Institute of TechnologyLGL. GaoChina University of Petroleum, Beijing

Key Points

  • This research aims to identify unspanned macroeconomic factors affecting crude oil futures price dynamics in China and understand their interactions.
  • Empirical analysis of Shanghai crude oil futures price curves and macroeconomic indicators.
  • Investigation of lagged and dynamic interactions between these factors.
  • Examination of feedback mechanisms in response to oil price shocks.
  • Identified several unspanned macroeconomic factors not reflected in crude oil futures prices.
  • Demonstrated significant lagged interactions between macroeconomic variables and oil price dynamics.
  • Revealed asymmetric feedback effects of oil price shocks on the macroeconomy in the emerging market context.

Abstract

• Identifies unspanned macroeconomic factors (UMFs) not embedded in Shanghai crude oil futures price (COFP) curves. • Provides empirical evidence of lagged and dynamic interactions between UMFs and COFPs. • Demonstrates asymmetric feedback of oil price shocks to the macroeconomy in the emerging market. • Enhances theoretical understanding of the mechanisms linking macroeconomy and crude oil markets.

Ask AI
Helpful
Bookmark
Share
View Full Paper

Cite This Study

Ji et al. (2026) studied this question.

synapsesocial.com/papers/6a192ee7fab5b468c4418261https://doi.org/10.1016/j.esr.2026.102267
Ask AI
Helpful
Bookmark
Share
View Full Paper