Granger Predictability of Oil Prices After the Great Recession /

Real oil prices surged from 2009 through 2014, comparable to the 1970's oil shock period. Standard explanations based on monopoly markup fall short since inflation remained low after 2009. This paper contributes strong evidence of Granger (1969) predictability of nominal factors to oil prices,...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Benk, Szilard
مؤلفون آخرون: Gillman, Max
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2019.
سلاسل:IMF Working Papers; Working Paper ; No. 2019/237
الوصول للمادة أونلاين:Full text available on IMF