Oil Price Volatility and the Role of Speculation
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- Nida Çakır Melek & Troy Davig & Jun Nie & Andrew Lee Smith & Didem Tuzemen, 2015.
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Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-3, September.
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Keywords
WP; spot price; oil price; futures market; oil and the business cycle; crude oil speculation and inventories; demand and supply shocks; oil price volatility; vector autoregression (VAR); speculative demand shocks; oil demand shocks; flow demand shock; price response; residual oil demand shock; price impact; upper bound for the oil price response; price change; variance decomposition; price movement; elasticity of oil supply; Oil prices; Oil; Oil production; Futures; Futures markets; Global;All these keywords.
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