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,...
| Автор: | |
|---|---|
| Інші автори: | |
| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2019.
|
| Серія: | IMF Working Papers; Working Paper ;
No. 2019/237 |
| Онлайн доступ: | Full text available on IMF |