Dées, Stéphane; Gasteuil, Audrey; Kaufmann, Robert K.; … - European Central Bank - 2008
The rapid rise in the price of crude oil between 2004 and the summer of 2006 are the subject of debate. This paper investigates the factors that might have contributed to the oil price increase in addition to demand and supply for crude oil, by expanding a model for crude oil prices to include...