Granger Predictability of Oil Prices After the Great Recession is popular PDF and ePub book, written by Szilard Benk in 2019-11-01, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Granger Predictability of Oil Prices After the Great Recession can be Read Online from any device for your convenience.
Granger Predictability of Oil Prices After the Great Recession Book PDF Summary
Real oil prices surged from 2009 through 2014, comparable to the 1970’s oil shock period. Standard explanations based on monopoly markup fall short since inflation remained low after 2009. This paper contributes strong evidence of Granger (1969) predictability of nominal factors to oil prices, using one adjustment to monetary aggregates. This adjustment is the subtraction from the monetary aggregates of the 2008-2009 Federal Reserve borrowing of reserves from other Central Banks (Swaps), made after US reserves turned negative. This adjustment is key in that Granger predictability from standard monetary aggregates is found only with the Swaps subtracted.
Detail Book of Granger Predictability of Oil Prices After the Great Recession PDF
- Author : Szilard Benk
- Release : 01 November 2019
- Publisher : International Monetary Fund
- ISBN : 9781513519722
- Genre : Business & Economics
- Total Page : 18 pages
- Language : English
- PDF File Size : 9,5 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book Granger Predictability of Oil Prices After the Great Recession by Szilard Benk, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.