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Business Cycles and the Behavior of Energy Prices

In: Quantitative And Empirical Analysis Of Energy Markets

Author

Listed:
  • Apostolos Serletis

    (University of Calgary, Canada)

  • Vaughn W. Hulleman

    (University of Calgary, Canada)

Abstract

The following sections are included:IntroductionTheoretical FoundationsDataTest ResultsConclusion

Suggested Citation

  • Apostolos Serletis & Vaughn W. Hulleman, 2007. "Business Cycles and the Behavior of Energy Prices," World Scientific Book Chapters, in: Quantitative And Empirical Analysis Of Energy Markets, chapter 4, pages 38-45, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812770462_0004
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    References listed on IDEAS

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    1. Apostolos Serletis, 2007. "Rational Expectations, Risk, and Efficiency in Energy Futures Markets," World Scientific Book Chapters, in: Quantitative And Empirical Analysis Of Energy Markets, chapter 2, pages 15-22, World Scientific Publishing Co. Pte. Ltd..
    2. French, Kenneth R, 1986. "Detecting Spot Price Forecasts in Futures Prices," The Journal of Business, University of Chicago Press, vol. 59(2), pages 39-54, April.
    3. Fama, Eugene F & French, Kenneth R, 1988. " Business Cycles and the Behavior of Metals Prices," Journal of Finance, American Finance Association, vol. 43(5), pages 1075-1093, December.
    4. Lester G. Telser, 1958. "Futures Trading and the Storage of Cotton and Wheat," Journal of Political Economy, University of Chicago Press, vol. 66(3), pages 233-233.
    5. Fama, Eugene F., 1984. "Forward and spot exchange rates," Journal of Monetary Economics, Elsevier, vol. 14(3), pages 319-338, November.
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    Cited by:

    1. Apostolos Serletis & Asghar Shahmoradi, 2007. "Futures Trading and the Storage of North American Natural Gas," World Scientific Book Chapters, in: Quantitative And Empirical Analysis Of Energy Markets, chapter 8, pages 82-87, World Scientific Publishing Co. Pte. Ltd..
    2. Maryam Ahmadi & Niaz Bashiri Behmiri & Matteo Manera, 2020. "The theory of storage in the crude oil futures market, the role of financial conditions," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 40(7), pages 1160-1175, July.
    3. Brajesh Kumar, 2016. "Asymmetric Volatility of Net Convenience Yield: Evidence from Indian Commodity Futures Markets," Proceedings of Economics and Finance Conferences 3205752, International Institute of Social and Economic Sciences.
    4. Fernandez-Perez, Adrian & Fuertes, Ana-Maria & Miffre, Joelle, 2021. "The risk premia of energy futures," Energy Economics, Elsevier, vol. 102(C).
    5. Niaz Bashiri Behmiri, Maryam Ahmadi, Juha-Pekka Junttila, and Matteo Manera, 2021. "Financial Stress and Basis in Energy Markets," The Energy Journal, International Association for Energy Economics, vol. 0(Number 5).
    6. Gkillas, Konstantinos & Manickavasagam, Jeevananthan & Visalakshmi, S., 2022. "Effects of fundamentals, geopolitical risk and expectations factors on crude oil prices," Resources Policy, Elsevier, vol. 78(C).
    7. Oleg Kucher & Alexander Kurov, 2014. "Business cycle, storage, and energy prices," Review of Financial Economics, John Wiley & Sons, vol. 23(4), pages 217-226, November.
    8. Thoma, Mark, 2004. "Electrical energy usage over the business cycle," Energy Economics, Elsevier, vol. 26(3), pages 463-485, May.

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