Narayan, Paresh Kumar; Gupta, Rangan - In: Energy Economics 48 (2015) C, pp. 18-23
This paper contributes to the debate on the role of oil prices in predicting stock returns. The novelty of the paper is that it considers monthly time-series historical data that span over 150years (1859:10–2013:12) and applies a predictive regression model that accommodates three salient...