2021
DOI: 10.1016/j.eneco.2021.105180
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Investor attention and oil market volatility: Does economic policy uncertainty matter?

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Cited by 59 publications
(16 citation statements)
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“…The initial shock from the increase in new confirmed COVID-19 cases has the most direct and profound impact on investors. Security scares, triggered by media reports of new confirmed cases and combined with the heavy blow of negative oil prices news, continue to fuel the psychological expectations of energy investors ( Narayan, 2020 ) and therefore influence oil market volatility( Xiao and Wang, 2021 ). However, the shift in the positive and negative correlation between jumps and the pandemic on different time-frequency domains (especially under the influence of the Chinese pandemic, which has recurred several times) suggests that investors can adapt to changes in new confirmed cases over time.…”
Section: Empirical Analysismentioning
confidence: 99%
“…The initial shock from the increase in new confirmed COVID-19 cases has the most direct and profound impact on investors. Security scares, triggered by media reports of new confirmed cases and combined with the heavy blow of negative oil prices news, continue to fuel the psychological expectations of energy investors ( Narayan, 2020 ) and therefore influence oil market volatility( Xiao and Wang, 2021 ). However, the shift in the positive and negative correlation between jumps and the pandemic on different time-frequency domains (especially under the influence of the Chinese pandemic, which has recurred several times) suggests that investors can adapt to changes in new confirmed cases over time.…”
Section: Empirical Analysismentioning
confidence: 99%
“…As an institutional factor, EPU has significant impacts on the business environment for economic activity. Many papers have confirmed the adverse impacts of EPU on the real economy (Gu et al 2021;Li et al 2020), firm investment (Liu et al 2020;Suh and Yang 2021;Zhou et al 2021), innovation activities (Guan et al 2021;He et al 2020), financial markets (Danisman et al 2020;Phan et al 2021), and energy markets (Xiao and Wang 2021;Zhang and Yan 2020). Based on the close link between economic activity and environmental quality, several authors discuss the potential outcomes of EPU on environmental quality (Jiang et al 2019;Yu et al 2021).…”
Section: Introductionmentioning
confidence: 99%
“…Generally, economic policy uncertainty impacts several aspects of the business environment in a country. The impact on the real economy could be adverse [109,110] on financial markets [111][112][113] or energy markets [114,115].…”
Section: Policy Uncertaintymentioning
confidence: 99%