Identification in models of gasoline pricing

Bachmeier, Lance J.

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

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