Pagano, Patrizio; Pisani, Massimiliano - 2009
Working Group on Forecasting and at
the Bank of Canada Workshop on Commodity Price Issues for comments and stimulating … analysis 16
3.1 One-month holding period returns 16
3.2 Price spread specication 17
3.3 Other business cycle indicators 18
3 … classi�cation: E37, E44, G13, Q4.
5
ECB
Working Paper Series No 999
January 2009
Non-technical summary
Oil price is a …