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This paper focuses on forecasting quarterly energy prices of commodities, such as oil, gas and coal, using the Global VAR dataset proposed by Mohaddes and Raissi (2018). This dataset includes a number of potentially informative quarterly macroeconomic variables for the 33 largest economies,...
Persistent link: https://www.econbiz.de/10012844415
This paper focuses on forecasting quarterly energy prices of commodities, such as oil, gas and coal, using the Global VAR dataset proposed by Mohaddes and Raissi (2018). This dataset includes a number of potentially informative quarterly macroeconomic variables for the 33 largest economies,...
Persistent link: https://www.econbiz.de/10012857769
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predictability from oil prices to GDP via our point forecast comparisons from the mid-1980s through the Great Recession. Further … GDP growth. By way of density forecast OOS comparisons, we need evidence of such oil price predictability for GDP for our … full 1970-2009 OOS period. Examination of the density forecasts reveals a massive increase in forecast uncertainty …
Persistent link: https://www.econbiz.de/10013136099