Following the International Conference on “Oil Price Forecasts and Trends” organized by FEEM on May 23-24, 2013, Re3 interviews energy experts Bahattin Buyuksahin, Leo Drollas, John Elder, Wincenty Kaminski, Charles F. Mason and James Smith on the key issues of oil price forecasts and...

On January 12-13, 2012, FEEM organized a brainstorming workshop on “Financial Speculation in the Oil Market and the Determinants of the Oil Price” gathering together leading scholars in the field of energy economics and top professionals from international financial and energy institutions...

Some of the world’s largest futures exchanges impose daily limits on the price movements of individual contracts. Using data from three of the most active US commodity futures contracts, we show that these price restrictions are largely ineffective because traders are able to take similar...

Commodity-equity and cross-commodity return co-movements rose dramatically after the 2008 financial crisis. This development took place following what has been dubbed the “financialization” of commodity markets. We first document changes since 2000 in the intensity of speculative activity in...

Directed Acyclic Graphs (DAG's) and Error Correction Models (ECM's) are employed to analyze questions of price discovery between spatially separated commodity markets and the transportation market linking them together. Results from our analysis suggest that these markets are highly...

In settings where there is imperfect information about an underlying state of nature, but where inferences are made sequentially and are publicly observable, information cascades can lead to rational herding. Cascade phenomena may be seen in a variety of areas including technology adoption,...