The cyclical behavior of monthly NYMEX energy prices
AbstractThis paper systematically investigates the basic stylized facts of energy price movements using monthly data for the period that energy has been traded on organized exchanges and the methodology suggested by Kydland and Prescott (1990). The results indicate that energy prices are in general procyclical, in contrast to the accepted fact that energy prices are countercyclical and leading the cycle.
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Bibliographic InfoArticle provided by Elsevier in its journal Energy Economics.
Volume (Year): 20 (1998)
Issue (Month): 3 (June)
Contact details of provider:
Web page: http://www.elsevier.com/locate/eneco
Other versions of this item:
- Serletis, A & Demp, T, 1997. "The Cyclical Behavior of Monthly NYMEX Energy Prices," Papers 9703, Calgary - Department of Economics.
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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