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,...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Benk, Szilard
Awduron Eraill: Gillman, Max
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2019.
Cyfres:IMF Working Papers; Working Paper ; No. 2019/237
Mynediad Ar-lein:Full text available on IMF