Time-Varying Impacts of Financial Stress on Energy-Related Uncertainty

Authors

  • Nurbek Khodjaniyazov School of Management, Zhejiang University of Technology, Hangzhou City, Zhejiang Province, China
  • Mokhirakhon Mirkhoshimova Department of Cluster Development, Center for Economic Research and Reforms, Tashkent, Uzbekistan
  • Feruz Kalandarov Department of Tourism, Urgench State University, Urgench, Uzbekistan
  • Dilfuza Matyokubova Department of Economics, Urgench State University, Urgench, Uzbekistan
  • Sarbinaz Utegenova Department of Accounting and audit, Karakalpak state university, Nukus, Uzbekistan
  • Samariddin Makhmudov Faculty of Finance and Tourism, Termez University of Economics and Service, Termez, Uzbekistan; & Faculty of Economics and Humanities, Mamun University, Khiva, 220900, Uzbekistan; & Alfraganus University, Tashkent, Uzbekistan
  • Mansurbek Khudayberganov Department of Economics, Urgench State University, Urgench, Uzbekistan

DOI:

https://doi.org/10.32479/ijeep.19762

Keywords:

Financial Stress Index, Energy-Related Uncertainty Index, Time-Varying Parameter Vector Autoregression

Abstract

In literature, studies address the relationship between financial and energy markets. In this context, there are a lot of works which examine the impact of financial markets on energy markets. However, there are not any research undertaken to explore the effect of financial stress index (FSI) on energy-related uncertainty index (EUI). Therefore, this work assesses this relation in the case of US with time-varying parameter vector autoregression (TVP-VAR) model, using monthly data from Quarter 1 1996 to Quarter 3 2022 in the United States (US). The findings reveal that time-varying impacts of FSI on EUI is positive and significant, validating theoretical linkage.

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Published

2025-04-21

How to Cite

Khodjaniyazov, N., Mirkhoshimova, M., Kalandarov, F., Matyokubova, D., Utegenova, S., Makhmudov, S., & Khudayberganov, M. (2025). Time-Varying Impacts of Financial Stress on Energy-Related Uncertainty. International Journal of Energy Economics and Policy, 15(3), 689–698. https://doi.org/10.32479/ijeep.19762

Issue

Vol. 15 No. 3 (2025)

Section

Articles

License

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