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,...

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Chi tiết về thư mục
Tác giả chính: Benk, Szilard
Tác giả khác: Gillman, Max
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2019.
Loạt:IMF Working Papers; Working Paper ; No. 2019/237
Truy cập trực tuyến:Full text available on IMF