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 InfoPaper provided by Calgary - Department of Economics in its series Papers with number 9703.
Length: 6 pages
Date of creation: 1997
Date of revision:
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Other versions of this item:
- Serletis, Apostolos & Kemp, Todd, 1998. "The cyclical behavior of monthly NYMEX energy prices," Energy Economics, Elsevier, vol. 20(3), pages 265-271, June.
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
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- Onour, Ibrahim, 2010. "Crude Oil Prices and Stock Markets in Major Oil Exporting Countries: Evidence on Decoupling Feature," MPRA Paper 23334, University Library of Munich, Germany.
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