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In this paper, we revisit price and volatility transmission among natural gas, fertilizer, and corn markets; an … important issue was explored in previous work. An update of the results is urgently needed due to the recent enormous price … market prices. Our results are consistent with previous research showing that natural gas price returns in the short-term are …
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In this paper we investigate the time-varying relationship between oil and natural gas in the UK. We develop a model where relative prices can move between pricing-regimes; markets switch between being decoupled and integrated. Our model endogenously accounts for periods where oil and natural...
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source of the price change. Specifically, I find that the reaction of drilling is significantly stronger after an economic … activity shock than after a gas demand shock (e.g. due to oil price fluctuations). In addition, it is shown that demand …
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