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zero, which implies that oil demand shocks are the dominant driver of the real price of oil. The focus of this paper is not …
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driver of the real price of oil. The focus of this paper is not only on correcting some misunderstandings in the recent …
Persistent link: https://www.econbiz.de/10012288032
driver of the real price of oil. The focus of this paper is not only on correcting some misunderstandings in the recent …
Persistent link: https://www.econbiz.de/10014048765
vector autoregressions with Markov switching in heteroskedasticity. We decompose changes in futures price volatility into …
Persistent link: https://www.econbiz.de/10012926240
This paper undertakes an investigation into the efficiency of the crude oil futures market and the forecasting accuracy of futures prices. Efficiency of the market is analysed in terms of the expected excess returns to speculation in the futures market. Accuracy of futures prices is compared...
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