Research Activities

Research Projects

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


Since the beginning of the 2000s, the development of the crude oil futures market and the change in the composition of market participants has caused the price of crude oil to become an even more important financial asset. The link between oil and other assets has been strengthened. This project aims to develop an empirical model that connects multi-country economic models with the world’s crude oil and financial markets, thereby enabling us to clarify the effects of economic spillovers between energy markets and the macro economy via financial markets. This approach should provide broader perspectives that will contribute to the evaluation of economic policy the realization of sustainable economic growth.


April 2020 - March 2023

Leader of the Research Project

Shibata, Tsubasa


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