the price of crude oil to the price of gasoline is asymmetric. Although there have been many contributions documenting … forecasting performance of econometric models incorporating asymmetric price transmission from crude oil to gasoline. In this …, while the ECM implies symmetric price transmission from crude oil to gasoline. We quantify the forecast accuracy gains due …

The empirical literature is very far from any consensus about the appropriate model for oil price forecasting that … producing accurate forecasts of the WTI spot price. …

In this paper the oil price-macroeconomy relationship is investigated from a global perspective, by means of a large … recessionary effects during the first and second Persian Gulf War and 2008 oil price episodes; preferences, speculative and …

different types of econometric models for oil price forecasting. Several specifications have been proposed in the economic …). The empirical literature is very far from any consensus about the appropriate model for oil price forecasting that should … spot price. The financial error correction model yields accurate in-sample forecasts. Real and strategic variables alone …

Crude oil prices have been fluctuating over time and by a large range. It is the disorganization of oil price series … that makes it difficult to deduce the changing trends of oil prices in the middle- and long-terms and predict their price … levels in the short-term. Following a price-state classification and state transition analysis of changing oil prices from …

We study the impact of oil price shocks on U.S. stock market volatility. We derive three different structural oil shock … structural VAR models, one for each oil price shock. Identification is achieved by assuming that the price of crude oil reacts to … stock market volatility only with delay. This implies that innovations to the price of crude oil are not strictly exogenous …