The author is grateful for the hospitality of the University of California, Berkeley as well as Resources for the Future, Washington, DC, while working on the paper. Financial support by the Fritz Thyssen Foundation for these research visits is gratefully acknowledged. An earlier version of this paper appeared as CESifo Working Paper No 4376.Peer reviewedPostprin
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Changes in oil prices often make the headlines, and for good reason. Not only does it reflect the st...
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This article deals with the new quality of situation in recent price – hikes of crude oil as the mos...
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In this paper we test for the existence of single and multiple episodes of explosive behavior in thr...
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