Research Activities

Research Projects

Development and Applications of World Crude Oil Model (2020_2_40_022)


Since the beginning of 2000, due to the development of the crude oil futures market and changes in the composition of market participants, the price of crude oil has further become a financial asset. The link between oil and other assets has been intensified. This project aims to develop an empirical model that interlinks multi-country economic models with the world crude oil market and financial markets, as this enables the clarification of the effect of economic spillovers between energy markets and macro economies via financial markets. This approach would provide wider perspectives to contribute to an evaluation of economic policy leading to achieving sustainable economic growth.


April 2020 - March 2022

Members of the Research Project
[ Organizer ] Shibata Tsubasa
  • IDE Research Bulletin / Discussion Paper