Journal Article
Real-time Data Inaccuracies Pose Challenges to Gauging the Oil Market
Lee, Justin J.; Thompson, Jesse B. (2017-11)
Initial estimates of global oil market balance, or the implied change in global inventories, are frequently used to identify supply shortages or surpluses. These have important implications for future oil prices. Initial inventory data undergo various revisions, which may contribute to inefficiencies in oil pricing.
Economic Letter , Volume 12 , Issue 13 , Pages 1-4

Journal Article
Wind Power a Growing Force in Oil Country
Virdi, Kelvinder; Lee, Justin J. (2017-04)
Southwest Economy , Issue Q2 , Pages 14-14

Working Paper
Uncertainty and Labor Market Fluctuations
Lee, Justin J.; Jo, Soojin (2019-07-02)
We investigate how a macroeconomic uncertainty shock affects the labor market. We focus on the uncertainty transmission mechanism, for which we employ a set of worker flow indicators in addition to labor stock variables. We incorporate common factors from such indicators into a framework that can simultaneously estimate historical macroeconomic uncertainty and its impacts on the macroeconomy and labor market. We find firms defer hiring as the real option value of waiting increases. Moreover, significantly more workers are laid off while voluntary quits drop, suggesting other mechanisms such ...
Working Papers , Paper 1904

Journal Article
Noteworthy: education, energy, trade
Gullo, Stephanie; Lee, Justin J.; Greer, Sarah (2016-07)
Southwest Economy , Issue Q3 , Pages 10-10