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Why are crude oil prices high when global activity is weak?
Citation
Ratti, R and Vespignani, J, Why are crude oil prices high when global activity is weak?, Economics Letters, 121, (1) pp. 133-136. ISSN 0165-1765 (2013) [Refereed Article]
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Creative Commons License 2013
DOI: doi:10.1016/j.econlet.2013.07.002
Abstract
There have been substantial increases in liquidity in recent years and real oil prices have almost returned to the high levels achieved before the global financial crisis. Unanticipated increases in global real M2 led to statistically significant increases in real oil prices. The historical impact of global real M2 on the real price of crude oil is importqnt in the recovery of oil prices over 2009 to 2011.
Item Details
| Item Type: | Refereed Article |
|---|---|
| Keywords: | OIl prices; Global liquidity; Global real M2; Global financial crisis |
| Research Division: | Economics |
| Research Group: | Applied Economics |
| Research Field: | Financial Economics |
| Objective Division: | Economic Framework |
| Objective Group: | Macroeconomics |
| Objective Field: | Monetary Policy |
| Author: | Vespignani, J (Dr Joaquin Vespignani) |
| ID Code: | 86322 |
| Year Published: | 2013 |
| Web of Science® Times Cited: | 16 |
| Deposited By: | Economics and Finance |
| Deposited On: | 2013-09-05 |
| Last Modified: | 2017-12-06 |
| Downloads: | 44 View Download Statistics |
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