This paper aims to assess the role of expectations as a determinant of the real price of natural gas. To measure … expectations-driven speculative demand three approaches are followed, which are based respectively on using natural gas inventories … consistently with the theory of storage (Kilian and Murphy, 2014), the futures spread (Valenti, 2022), and functional shocks …

This paper uses data on 5-year gasoline price expectations from the US Michigan Survey of Consumers to investigate … out counterfactual analysis which shows that gasoline price expectations act as a transmitter of gasoline price shocks to … identification indicate that gasoline price expectations propagate gasoline price shocks to inflation even when headline inflation …