Identification in models of gasoline pricing
| dc.citation.doi | 10.1016/j.econlet.2013.03.029 | en_US |
| dc.citation.epage | 73 | en_US |
| dc.citation.issue | 1 | en_US |
| dc.citation.jtitle | Economics Letters | en_US |
| dc.citation.spage | 71 | en_US |
| dc.citation.volume | 120 | en_US |
| dc.contributor.author | Bachmeier, Lance J. | |
| dc.contributor.authoreid | lanceb | en_US |
| dc.date.accessioned | 2013-07-02T20:42:47Z | |
| dc.date.available | 2013-07-02T20:42:47Z | |
| dc.date.issued | 2013-07-01 | |
| dc.date.published | 2013 | en_US |
| dc.description.abstract | This paper presents evidence that the price of oil does not respond contemporaneously to shocks to the US gasoline market. We find no support for the hypothesis of feedback from the US gasoline market to the price of oil, justifying the identfi cation of impulse response functions by applying a Choleski decomposition (see, e.g., Kilian (2010)). Our results have implications for tests of asymmetric gasoline price responses and forecasting models of the price of crude oil. | en_US |
| dc.identifier.uri | http://hdl.handle.net/2097/15952 | |
| dc.language.iso | en_US | en_US |
| dc.relation.uri | https://doi.org/10.1016/j.econlet.2013.03.029 | en_US |
| dc.rights | This Item is protected by copyright and/or related rights. You are free to use this Item in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s). | |
| dc.rights.uri | http://rightsstatements.org/vocab/InC/1.0/ | |
| dc.rights.uri | https://www.elsevier.com/about/policies/sharing | |
| dc.subject | Gasoline | en_US |
| dc.subject | Crude oil | en_US |
| dc.subject | Error correction | en_US |
| dc.subject | Rockets and feathers | en_US |
| dc.subject | Heteroskedasticity | en_US |
| dc.title | Identification in models of gasoline pricing | en_US |
| dc.type | Article (author version) | en_US |
