An Application of Models of Speculative Behaviour to Oil Prices

Date

2012

Authors

Shi, ShuPing
Vipin, Arora

Journal Title

Journal ISSN

Volume Title

Publisher

Elsevier

Abstract

We estimate three different models of speculative behaviour using oil price data. Our findings provide support for the claim by . Phillips and Yu (2011) and . Gilbert (2010) that a bubble in oil prices existed for a short period in 2008.

Description

Keywords

Keywords: Bubble; Estimation; Oil price; Speculative behaviour; Three-regime

Citation

Source

Economics Letters

Type

Journal article

Book Title

Entity type

Access Statement

License Rights

DOI

10.1016/j.econlet.2011.12.126

Restricted until

2037-12-31