Kristoufek, Ladislav; Lunackova, Petra - 2015
We reinvestigate the "rockets and feathers" effect between retail gasoline and crude oil prices in a new framework of … complicated time series characteristics. On the dataset of seven national gasoline prices, we find no statistically significant … asymmetry. The proposed methodology is not limited to the gasoline and crude oil case but it can be utilized for any asymmetric …