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The drivers of oil prices: The usefulness and limitations of non-structural models, supply-demand frameworks, and informal approaches
Fattouh, Bassam - In: EIB Papers 12 (2007) 1, pp. 128-156
This paper discusses three main approaches for analysing oil prices: non-structural models, the supplydemand framework, and the informal approach. Each approach emphasises a certain set of drivers of oil prices. While non-structural models rest on the theory of exhaustible resources, the...
Persistent link: https://www.econbiz.de/10010273371
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The drivers of oil prices: the usefulness and limitations of non-structural models, supply-demand frameworks, and informal approaches
Fattouh, Bassam - Economics Department, European Investment Bank (EIB) - 2007
This paper discusses three main approaches for analysing oil prices: non-structural models, the supplydemand framework, and the informal approach. Each approach emphasises a certain set of drivers of oil prices. While non-structural models rest on the theory of exhaustible resources, the...
Persistent link: https://www.econbiz.de/10005006794