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"This paper estimates the effect of higher crude-oil prices on the inflation rate in the U.S. It does so by estimating … crude oil prices. This term is inserted using a third degree polynomial distributed lag of four quarters that allows not … only for some immediate impact on the consumer price index (e.g. through gasoline prices), but also for a delayed impact as …
Persistent link: https://www.econbiz.de/10009477671
forecasting system (STIFS) database, are mostly EIA data regularly published in the Monthly Energy Review, Petroleum Supply … crude oil, energy product prices, and other assumptions which may affect the macroeconomic outlook. By varying the …
Persistent link: https://www.econbiz.de/10009435399
accurately forecasting oil prices. Overall, a spread between the FE-EERE High Oil Price and Reference scenarios of well over $8 … heightened natural gas and oil prices, and (3) a Carbon Cap-and-Trade Scenario. The immediate goal is to use these scenarios to … considered by EERE and FE staff--carbon cap-and-trade and high fuel prices--are compared to other scenarios used by energy …
Persistent link: https://www.econbiz.de/10009435456
.S. Wellhead natural gas price. These results suggest that agencies forecasting natural gas prices should consider incorporating …This paper evaluates the accuracy of two methods to forecast natural gas prices: using the Energy Information … analysis suggests that the Henry Hub futures price provides a more accurate average forecast of natural gas prices than the AEO …
Persistent link: https://www.econbiz.de/10009435573
The Fossil2 energy-economic model is used by the US Department of Energy (DOE) for a variety of energy and environmental policy analyses. A number of improvements to the model are under way or are being considered. This report was prepared by the Pacific Northwest Laboratory (PNL) to provide a...
Persistent link: https://www.econbiz.de/10009435747
and natural gas prices) within the price range evaluated. Perhaps even higher price paths would lead to a distinctly … future. The future in the Carbon Cap Scenario has higher electricity prices, reduced driving, more renewable capacity, and … deterministic forecasting. …
Persistent link: https://www.econbiz.de/10009435766
As increasingly large volumes of sophisticated options (called derivative securities) are traded in world financial markets, determining a fair price for these options has become an important and difficult computational problem. Many valuation codes use the binomial pricing model, in which the...
Persistent link: https://www.econbiz.de/10009435800
the uncertainty (and likely volatility) of future oil prices, inadequate understanding of likely consumer response to new … understanding of this future role by examining several scenarios of vehicle costs, fuel prices, government subsidies, and other key …
Persistent link: https://www.econbiz.de/10009435868
(CIA) and Energy Information Agency (EIA) forecasting models of world oil prices is presented. This comparison consists of … encompassing. In particular, the analysis does not provide data on crude oil prices in the spot market, but does provide … changes in oil prices. Throughout this paper, world oil prices are defined in terms of real 1978 dollars per barrel of crude …
Persistent link: https://www.econbiz.de/10009435871
The purpose of this report is to define the Short-Term Integrated Forecasting System (STIFS) and describe its basic … short-term (up to 8 quarters), monthly forecasts of US supplies, demands, imports exports, stocks, and prices of various …
Persistent link: https://www.econbiz.de/10009435885