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The drivers of oil prices : the usefulness and limitations of non-structural models, supply-demand frameworks, and informal approaches

Fattouh, Bassam - In: EIB papers 12 (2007) 1, pp. 128-156

This paper discusses three main approaches for analysing oil prices: non-structural models, the supplydemand framework, and the informal approach. Each approach emphasises a certain set of drivers of oil prices. While non-structural models rest on the theory of exhaustible resources, the...

Persistent link: https://www.econbiz.de/10011497652