Dr. Leila Dagher is an Associate Professor of Economics at the American University of Beirut (AUB). She previously served as the Director of the Institute of Financial Economics (AUB), chaired the Department of Economics (AUB), and has been an adjunct lecturer at the George Washington University (GWU) since 2016. Dr. Dagher’s research is at the nexus of energy, environment, and economics. Using econometrics tools, she studies various aspects of the environmental and energy sectors. Her research is frequently presented at international conferences such as the ASSA and the WEAI annual conferences, and has appeared in The Energy Journal, Energy Policy, Energy Economics, and other leading peer-reviewed journals. Dr. Dagher has been a visiting scholar at Harvard’s Kennedy School of Government, GWU, Virginia Tech, UCLA, and the National Renewable Energy Lab in Golden, Colorado. She holds a Bachelor of Engineering from the American University of Beirut and a Ph.D. in Mineral Economics from the Colorado School of Mines.
There is no commodity whose interlinkages with the macroeconomy have been studied as extensively as oil, starting with Hamilton’s (1983) seminal study. Thousands of subsequent studies have examined the relationship between oil prices and various economic variables, including the stock market. This strand of the literature began with the pioneering work of Kling (1985). Since then, other financial markets, such as banking, have also received a fair share of analysis.23rd November 2021