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Understanding Crude Oil Prices
Hamilton, James D. - 2008
supply. Topics discussed include the role of commodity speculation, OPEC, and resource depletion. The paper concludes that …
Persistent link: https://www.econbiz.de/10012464155
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Derivatives Markets for Home Prices
Shiller, Robert J. - 2008
beginnings of real estate derivative markets is the advance in home price index construction methods, notably the repeat sales …
Persistent link: https://www.econbiz.de/10012464687
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The Simple Economics of Commodity Price Speculation
Knittel, Christopher R. - 2013
elasticity assumptions. We show speculation had little, if any, effect on prices and volatility …of speculation. Our framework is based on a simple and transparent model of supply and demand in …the cash and storage markets for a commodity. It lets us determine whether speculation is consistent …
Persistent link: https://www.econbiz.de/10012459711
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Prediction Markets in Theory and Practice
Wolfers, Justin - 2006
Prediction Markets, sometimes referred to as "information markets," "idea futures" or "event futures", are markets where participants trade contracts whose payoffs are tied to a future event, thereby yielding prices that can be interpreted as market-aggregated forecasts. This article summarizes...
Persistent link: https://www.econbiz.de/10012466586
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Financialization in Commodity Markets
Chari, V.V. - 2017
The financialization view is that increased trading in commodity futures markets is associated with increases in the growth rate and volatility of commodity spot prices. This view gained credence because in the 2000s trading volume increased sharply and many commodity prices rose and became more...
Persistent link: https://www.econbiz.de/10012453945
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Efficiency and the Bear : Short Sales and Markets around the World
Goetzmann, William N. - 2003
We analyze cross-sectional and time series information from forty-seven equity markets around the world, to consider …
Persistent link: https://www.econbiz.de/10012469237
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Effects of Speculation and Interest Rates in a "Carry Trade" Model of Commodity Prices
Frankel, Jeffrey A. - 2013
The paper presents and estimates a model of the prices of oil and other storable commodities, a model that can be characterized as reflecting the carry trade. It focuses on speculative factors, here defined as the trade-off between interest rates on the one hand and market participants'...
Persistent link: https://www.econbiz.de/10012459199
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Carry
Koijen, Ralph S.J. - 2013
A security's expected return can be decomposed into its "carry" and its expected price appreciation, where carry can be measured in advance without an asset pricing model. We find that carry predicts returns both in the cross section and time series for a variety of different asset classes that...
Persistent link: https://www.econbiz.de/10012459336
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World Equilibrium with Oil Price Increases : An Intertemporal Analysis
Marion, Nancy Peregrim - 1983
world rate of interest(intertemporal terms of trade effects) and, for rigid wages, changes in employment. Thus Industria … gains from the intertemporal terms of trade effect if it is a net borrower and the world rate of interest falls. Precise … conditions for whether the world rate of interest falls or rises are given.We also show that Industria may gain from subsidizing …
Persistent link: https://www.econbiz.de/10012478029
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Historical Oil Shocks
Hamilton, James D. - 2011
post-World-War-II oil shocks reviewed include the Suez Crisis of 1956-57, the OPEC oil embargo of 1973-1974, the Iranian …
Persistent link: https://www.econbiz.de/10012461867