Gupta, RanganSheng, XinJi, Qiang2020-10-192021Gupta, R., Sheng, X. & Ji, Q. 2021, 'Movements in real estate uncertainty in the United States : the role of oil shocks', Applied Economics Letters, vol. 28, no. 13, pp. 1059-1065, doi: 10.1080/13504851.2020.1796911.1350-4851 (print)1466-4291 (online)10.1080/13504851.2020.1796911http://hdl.handle.net/2263/76532In this paper, we analyse the role played by disaggregated oil shocks in driving real estate uncertainty (REU) over the monthly period of 1975:02 to 2017:12, based on impulse response functions generated from the local projection method. We find that the oil-specific consumption demand shock is statistically the strongest predictor of higher future REU, followed by the significant negative impact from the aggregate supply shock, especially for long-run REU. While the oil inventory demand shock has a short-lived positive impact on REU, global economic activity shock virtually plays no role in driving the same. Our results have important implications for policymakers and investors.en© 2020 Informa UK Limited, trading as Taylor & Francis Group. This is an electronic version of an article published in Applied Economics Letters, vol. 28, no. 13, pp. 1059-1065, 2021. doi : 10.1080/13504851.2020.1796911. Applied Economics Letters is available online at : http://www.tandfonline.com/loi/rael20.Real estate uncertainty (REU)Oil shocksLocal projection modelImpulse response functionsPostprint Article